Question: Estimate the effective duration for a five-year, USD note previously issued by (P&G). The coupon on the note is 1.90% (payable semi-annual) and the security

Estimate the effective duration for a five-year, USD note previously issued by (P&G). The coupon on the note is 1.90% (payable semi-annual) and the security is priced @ 2.00%. Shock annual yields +/- 1%. Use any par value desired

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