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A bond currently sells for $1,160, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 30 basis points,

A bond currently sells for $1,160, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $1,135. What is the modified duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Modified duration years

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