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Telus 2026, 3.75% annual coupon, non-callable bond has a yield to maturity of 2%. Find the effective duration using 100 basis points change in interest

Telus 2026, 3.75% annual coupon, non-callable bond has a yield to maturity of 2%.

Find the effective duration using 100 basis points change in interest rate. (2 marks) Hint: 1 basis point is 0.01%.

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