Question: When Dimi was a student, he was inspired by Professor Paepen to buy a bond. He bought a bond which is redeemable at par after

When Dimi was a student, he was inspired by Professor Paepen to buy a bond. He bought a bond which is redeemable at par after 3 years with coupons of 5% at a yield of maturity of 5.5%. What is the duration of this bond?

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