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3 Given the following 4% bond. Todays date: March 30 th , 2006 Maturity date: January 31 st , 2010 Next coupon payment date: January,

3Given the following 4% bond.

Todays date: March 30^th, 2006

Maturity date: January 31^st, 2010

Next coupon payment date: January, 31^st, 2007

Accrued Coupon ( millions): 6356.16

Price: 101.830

Compute Modified Duration

3,496875 years

3,618574 years

3,480214 years

3,490214 years

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