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A 4-year bond that is selling at $900 has a coupon rate of 4% (annual coupons), a face value of $1,000 and a modified duration
A 4-year bond that is selling at $900 has a coupon rate of 4% (annual coupons), a face value of $1,000 and a modified duration of O a. 3.37 years O b. 3.52 years Oc. 3.64 years. od 3.76 years Od 6 Oe. None of the given choices is correct
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