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A treasury bond (face value of $100 ), paying annual coupons at rate 7.0%, matures in 28 months. The bond has a yield of 6.90%

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A treasury bond (face value of $100 ), paying annual coupons at rate 7.0%, matures in 28 months. The bond has a yield of 6.90% (with annual compounding). What is the bond's modified duration? 2.1416 2.0204 2.1216 2.0034

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