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A 7.500% semiannual coupon payment bond settles on a coupon date. The tenor is 10 years. The bond's yield to maturity is 9.400%. What is

A 7.500% semiannual coupon payment bond settles on a coupon date. The tenor is 10 years. The bond's yield to maturity is 9.400%. What is the bonds approximate modified duration (AMD)? Use yield changes of +/- 40 bps around the yield to maturity for your calculations.

A.

5.881
B.

6.101
C.

6.444
D.

6.684

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