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Approximately what is the modified duration of a 14-year, 6% coupon bond with annual coupons and a par value of $1000 if the yield is

Approximately what is the modified duration of a 14-year, 6% coupon bond with annual coupons and a par value of $1000 if the yield is 5.3%?

A.

12

B.

10

C.

14

D.

9.5

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