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2. A bond with duration of 8 years has a yield to maturity of 13.50 percent. This bond's volatility (modified duration) is: a. 7.05 percent.

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2. A bond with duration of 8 years has a yield to maturity of 13.50 percent. This bond's volatility (modified duration) is: a. 7.05 percent. b. 4.76 percent. c. 12.56 percent. d. 13.50 percent

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