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A 6.68% coupon bond matures in 5 years. Its value at maturity is $1,000. What is the bond's modified duration if its yield to maturity

A 6.68% coupon bond matures in 5 years. Its value at maturity is $1,000. What is the bond's modified duration if its yield to maturity is 7.68%? Use annual compounding. Multiple Choice O O O 4.08 4.40 4.12 4.14
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A \6.68 coupon bond matures in 5 years. Its value at maturity is \\( \\$ 1,000 \\). What is the bond's modified duration if its yield to maturity is \7.68 ? Use annual compounding. Multiple Choice 4.08 4.40 4.12 4.14

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