Can you show me how to calculate for bond duration by shortcut formula to get the result
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Question:
Can you show me how to calculate for bond duration by shortcut formula to get the result for Bond Duration = 3.32?
Settlement Date: 11/4/2019
Maturity Date: 11/15/2023
Coupon Rate: 10%
YTM: 6.50%
Frequency (per year): 2
Duration: 3.32
Posted Date: