codylowery195 codylowery195
  • 30-01-2024
  • Business
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Given the following information about a bond, calculate the modified duration of the bond. i) The term-to-maturity is two years. ii) The yield to maturity is 5%. iii) The coupon rate is 3%.
a) 2.12
b) 1.90
c) 2.35
d) 1.75

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