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A bond with 5% annual coupons matures at par in 2 years. The bond sells at par. Determine the modified duration of the bond. A.

A bond with 5% annual coupons matures at par in 2 years. The bond sells at par. Determine the modified duration of the bond. A. 1.859 B. 1.881 C. 1.928 D. 1.952 E. 1.997

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