Question: A bond has a face value of $ 1 , 0 0 0 , an annual coupon rate of 4 . 9 % , yield

A bond has a face value of $1,000, an annual coupon rate of 4.9%, yield to maturity of 8.3%, and 4 years to maturity. What is the bond's duration?
Enter your answer rounded to the second decimal place. For example, enter 1.234 years as 1.23.

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