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A bond pays annual interest. Its coupon rate is 8.1%. 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 8.1%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 5.1%. The modified duration of this bond is years. Multiple Choice 3.20 O 4.00 342 Prev 7 of 15 Next > 3.43 X 3.60

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