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A bond currently sells for $1,020. YTM is 3%. Suppose that YTM increases by 30 basis points, the price of the bond falls to $1,000.

A bond currently sells for $1,020. YTM is 3%. Suppose that YTM increases by 30 basis points, the price of the bond falls to $1,000. What is the modified duration of this bond? 6.125 6.901 6.536 6.092

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