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You have a four-year financial instrument that will pay $106 in year 1, $215 in year 2, $300 in year 3, and $428 in year

You have a four-year financial instrument that will pay $106 in year 1, $215 in year 2, $300 in year 3, and $428 in year 4. If the appropriate discount rate is 17% p.a., find the duration of this instrument.

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