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A seven-year $1,000 par value bond has an annual coupon rate of 9% and a modified duration of? A) 7 years B) 5.49 years C)
A seven-year $1,000 par value bond has an annual coupon rate of 9% and a modified duration of?
A) 7 years
B) 5.49 years
C) 5.03 years
D) 4.87 years
E) none of these
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