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An investor wants to find the duration of​ a(n)20​-year, 7​% semiannual​ pay, noncallable bond​ that's currently...

An investor wants to find the duration of​ a(n)20​-year, 7​% semiannual​ pay, noncallable bond​ that's currently priced in the market at $533.39​, to yield 14​%. Using a 250 basis point change in​ yield, find the effective duration of this bond

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