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(4 pts. Based on information from Question 1. what is the approximate modified duration of the bond if you use an annual yield change of

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(4 pts. Based on information from Question 1. what is the approximate modified duration of the bond if you use an annual yield change of 10 bps? O 9.9 25.4 O 116 0 36 You are considering the purchase of a bond with t.. following features: Exactly 15 years to maturity . 5% coupon, paid semi-annually The current yield to maturity on the bond is 7% . Par value = $100

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