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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def on_open(self, callback, timeout):
 """ Initialize a new timeout. :param callback: The callback to execute when the timeout reaches the end of its life. May be a coroutine function. :param timeout: The maximum time to wait for, in seconds. """

        super().on_open()
        self.callback = callback
        self.timeout = timeout
        self.revive_event = asyncio.Event(loop=self.loop)