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A 3-year par value bond has a coupon rate of 9% and a modified duration of a. 3 years. O b. 2.49 years. c. 2.76

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A 3-year par value bond has a coupon rate of 9% and a modified duration of a. 3 years. O b. 2.49 years. c. 2.76 years. d. 2.87 years. e. none of the above

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