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You want to create a portfolio with a duration of 8 years using a 1 year zero-coupon bond and a perpetuity with a yield to

You want to create a portfolio with a duration of 8 years using a 1 year zero-coupon bond and a perpetuity with a yield to maturity of 0.06 (Note: the YTM is in decimal form). How much would you have to invest in the 1 year zero-coupon bond to achieve this goal

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