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Calculate the approximate modified duration for a 10-year, 5% annual-pay bond priced at 106.84307 percent of par for a 5 basis point change in the

Calculate the approximate modified duration for a 10-year, 5% annual-pay bond priced at 106.84307 percent of par for a 5 basis point change in the yield to maturity. Group of answer choices

7.853

7.981

7.602

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