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A 51.000 par value, 7% annual coupon bond matures in 4 years. The bond is currently priced at $1,034.65 and has a YTM of 6.0%,

A 51.000 par value, 7% annual coupon bond matures in 4 years. The bond is currently priced at $1,034.65 and has a YTM of 6.0%, and has a Macaulay duration of 2.61 years. What is the modified duration? 2.46 years 3.21 years 3.43 years 2.98 years

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