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A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%. The market interest rate has increased by

A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%. The market interest rate has increased by 0.47%. The modified duration is

27.44 years.

14.1 years.

18.29 years.

9.4 years.

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