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Assume a par-value bond with a coupon rate of 8% (paid semi-annually) and a remaining time to maturity of 2 years. What would be the

Assume a par-value bond with a coupon rate of 8% (paid semi-annually) and a remaining time to maturity of 2 years.

What would be the modified duration of this bond? (Do not round your intermediate calculations. Enter your final answer rounded up to four decimal places).

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