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An option-free bond with 7 years left to maturity has a value of 94.53. The YTM of the bond is 10%. If the YTM increases

An option-free bond with 7 years left to maturity has a value of 94.53. The YTM of the bond is 10%. If the YTM increases by 50 bps, the value drops to 92.38 and if the YTM decreases by 50 bps, the value increases to 96.85. The approximate modified duration for the bond is?

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