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44. A 7% semi-annual coupon bond settles 12/11/15 at 105.00 (clean price). Bond maturity is 12/31/25. Assuming a 30/360-day count convention, calculate modified duration (using
44. A 7% semi-annual coupon bond settles 12/11/15 at 105.00 (clean price). Bond maturity is 12/31/25. Assuming a 30/360-day count convention, calculate modified duration (using the dirty price).
a. 7.019
b. 7.069
c. 3.567
d. 3.564
e. 3.534
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