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You have a bond that has a Face Value of $ 1 , 0 0 0 and coupon rate of 5 . 6 % paid

You have a bond that has a Face Value of $1,000 and coupon rate of 5.6% paid semi-annually and maturity in 9 years. The YTM of the bond is 4.8%. Calculate the duration of the bond by changing the YTM by an amount 0.01%.

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