Question: What is the effective duration for a 7-year USD bond issued by ABC, a coupon of 3% (semiannual) priced @ 1.90%. Shock annual yields +/-

What is the effective duration for a 7-year USD bond issued by ABC, a coupon of 3% (semiannual) priced @ 1.90%. Shock annual yields +/- 1%? Use par value of $100

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