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A 6% coupon bond currently sells at par. If the yield increases by 25 basis points and the price changes by $47. What is the
A 6% coupon bond currently sells at par. If the yield increases by 25 basis points and the price changes by $47. What is the modified duration of the bond in years?
- A. 20.00
- B. 21.12
- C. 18.80
- D. 19.93
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