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You have a bond that has a Face Value of $1,000 and coupon rate of 6.3% paid semi-annually and maturity in 9 years. The YTM

You have a bond that has a Face Value of $1,000 and coupon rate of 6.3% 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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