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1.If the duration of a four-year, 8% annual coupon bond is 3.57 years, and the required rate of return is 9%, what is the modified
1.If the duration of a four-year, 8% annual coupon bond is 3.57 years, and the required rate of return is 9%, what is the modified duration?
3.75
3.86
3.28
4.00
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