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A zero-coupon bond matures in eight years. It is sold to yield 5% annually. Find the modified duration D(0.05, 1) a. 8.80 b. 5.89 c.

A zero-coupon bond matures in eight years. It is sold to yield 5% annually. Find the modified duration D(0.05, 1)

a. 8.80 b. 5.89 c. 6.64 d. 7.62 e. 10.01

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