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Bond A has a $1,000 par value and a 7% coupon rate, 3 years remaining to maturity, and a 9% yield to maturity. The Modified

Bond A has a $1,000 par value and a 7% coupon rate, 3 years remaining to maturity, and a 9% yield to maturity. The Modified Duration of Bond A is _____ years.

Please show the steps in how to do this with an HP 10bii+ financial calculator if possible.

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