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A bond has a face value of $1000 with a maturity of 2 years. Its annual coupon payment is 5.7% of its face value. The

  1. A bond has a face value of $1000 with a maturity of 2 years. Its annual coupon payment is 5.7% of its face value. The YTM for bond is 6.7%. What is the modified duration of this bond? Enter your answer as a number without any units; keep two decimals.

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