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40The duration of an 11-year, $1,000 Treasury bond paying a 8 percent coupon and selling at par has been estimated at 7.9106 years. What is

40The duration of an 11-year, $1,000 Treasury bond paying a 8 percent coupon and selling at par has been estimated at 7.9106 years. What is the modified duration of the bond? The bond has semi-annual ...

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