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A 3-year semi-annual bond of XYZ. Inc., has the 12% annual coupon rate and trade in the market at a yield of 14%. The bond
A 3-year semi-annual bond of XYZ. Inc., has the 12% annual coupon rate and trade in the market at a yield of 14%. The bond price is $9523. The band's par value is $1.000. Calculate the bond's modified duration
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