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Calculate the modified duration of an 1 1 % , $ 1 , 0 0 0 par bond that matures in three years if the

Calculate the modified duration of an 11%, $1,000 par bond that matures in three years if the bond's YTM is 14% and interest is paid semiannually.
Do not round intermediate calculations. Round your answer to two decimal places.
1.74
2.68
3.21
2.45

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