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A treasury bond (face value of $100 ), paying annual coupons at rate 7.5%, matures in 27 months. The bond has a yield of 5.70%

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A treasury bond (face value of $100 ), paying annual coupons at rate 7.5%, matures in 27 months. The bond has a yield of 5.70% (with annual compounding). What is the bond's modified duration? 2.05061.94001.95492.0637

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