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A bond pays zero coupons and has face value 1000 . The bond has exactly two years until it matures and has a yield to

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A bond pays zero coupons and has face value 1000 . The bond has exactly two years until it matures and has a yield to maturity of 5.2%. Assume that the price of this bond equals 903.58. What is the modified duration of this bond? a. 2.00 b. 0.31 c. 1.05 d. 1.90

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