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A bond has a maturity of 12 years and a duration of 10.30 years at a promised yield rate of 8%. What is the bond's

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A bond has a maturity of 12 years and a duration of 10.30 years at a promised yield rate of 8%. What is the bond's modified duration? 8.81 years 12.25 years 11.17 years 9.54 years

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