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Face value of bond $1,000 Coupon rate is 8% Yield to maturity 12% Maturity year 2 Prevailing yield of bond 7% Choose an answer A:

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Face value of bond $1,000 Coupon rate is 8% Yield to maturity 12% Maturity year 2 Prevailing yield of bond 7% Choose an answer A: Modified Duration of bond is 1.80 year. B: Modified Duration of bond is 1.92 year. C: Modified Duration of bond is 0.80 year. D: Modified Duration of bond is 2.15 year

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