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(1 point) (Exam FM Sample Problem 182) A railroad company is required to pay 60500 , which is due 6 years from now. The company

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(1 point) (Exam FM Sample Problem 182) A railroad company is required to pay 60500 , which is due 6 years from now. The company invests 18000 in a bond with modified duration 5 , and 42000 in a bond with modified duration dmod, to Redington immunize its position against small changes in the yield rate. The annual effective yield rate for each of the bonds is 3.5%. Calculate dmod. ANSWER =

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