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An investor buys a three-year bond with a 6% coupon rate paid annually. The bond is issued at a yield-to-maturity of 3% with face value

An investor buys a three-year bond with a 6% coupon rate paid annually. The bond is issued at a yield-to-maturity of 3% with face value of $100. The bonds approximate modified duration is:

2.758

2.751

2.708

2.737

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