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A bond has a Macaulay duration of 7.5. Which of the following is the best estimate of its modified duration? O A. 7,4 O B.7.7

A bond has a Macaulay duration of 7.5. Which of the following is the best estimate of its modified duration? O A. 7,4 O B.7.7 O C. 8.0 O D.9.5

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