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A bond pays annual interest. Its coupon rate is 6.7%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity

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A bond pays annual interest. Its coupon rate is 6.7%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 3.7%. The modified duration of this bond is years. Multiple Choice 3.53 4.00 3.33 3.66

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