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An asset provides three cash inflows: $300 in 2 years, $450 in 3 years, and $600 in 6 years. Given an effective annual interest rate

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An asset provides three cash inflows: $300 in 2 years, $450 in 3 years, and $600 in 6 years. Given an effective annual interest rate of 4%, find the modified duration of the asset. Possible Answers A 2.99 B 3.84 C 4.01 D 4.73 E 5.19

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