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14. Calculate the modified duration of a 9% coupon $1,000 par value 2-year bond with coupon paid every 4 months and yield-to-maturity of 12%. (12

14. Calculate the modified duration of a 9% coupon $1,000 par value 2-year bond with coupon paid every 4 months and yield-to-maturity of 12%. (12 points)

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