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A bond has a maturity in 6 . 5 years and pays a 8 % coupon. If the YTM is 7 . 4 % what

A bond has a maturity in

6.5

years and pays a

8 %

coupon. If the YTM is

7.4 %

what is loste modified duration of the bond?

(

Hint: start by calculating the price

)

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