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A bond pays annual interest. Its coupon rate is 7.0%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity
| A bond pays annual interest. Its coupon rate is 7.0%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 4.0%. The modified duration of this bond is ______ years. |
3.65
4.00
3.51
3.30
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
