Calculate the duration of a bond

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Reference no: EM132608697

Question - Calculate the duration of a bond given the following information:

Face value: $1000

Coupon rate: 3.6% p.a.

Coupon frequency: Quarterly

Time to maturity: 9 months

Interest rate: 2.4% p.a. (B.E.Y convention - all maturities)

Reference no: EM132608697

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