A $100,000 3 year bond with coupons payable at j2 = 5% is purchased at a price to yield 12 = 7% and the price paid for the bond was $94,671.45. The bond is redeemable at par. What is the modified duration (MD) of this bond? You are given that - 5.32855 anaa O A. 2.8 or more years O B. At least 2.70 years but less than 2.80 years O C. At least 2.5 year, but less than 2.70 years D. Less than 2.5 years