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Default Yearfrac error?

I have been using the yearfrac calc but have notised the following when you
use periods across a leap year:

Date Days Yearfrac Yearfrac from start date
per period
30-Jun-93
30-Jun-94 365 1.0000 1.0000
30-Jun-95 365 1.0000 2.0000
30-Jun-96 366 1.0000 3.0007

Does this indicate an error when using this function?
 
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