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Consider a 1 5 year bond with a coupon rate of 4 . 5 % and a YTM of 5 . 2 % . The

Consider a 15 year bond with a coupon rate of 4.5% and a YTM of 5.2%. The modified duration of this bond is ___________________.
A.9.3 years
B.9.8 years
C.10.4 years
D.10.9 years

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