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1- The price of a bond decreased by 2.30 percent in response to an increase in the yield to maturity from 7.2 to 7.6 percent.

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1- The price of a bond decreased by 2.30 percent in response to an increase in the yield to maturity from 7.2 to 7.6 percent. What is the bond's Modified duration? A. 3.92 years B. 5.75 years C. 3.39 years D. D.4.04 years

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