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40. Calculate the modified duration of a 10-year 7% semi-annual coupon bond priced at 97.50. a. 7.316 b. 7.06 c. 6.88 d. 3.53 e. 3.67

40. Calculate the modified duration of a 10-year 7% semi-annual coupon bond priced at 97.50.

a. 7.316

b. 7.06

c. 6.88

d. 3.53

e. 3.67

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