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Justification: Question 18: A bond has a current price of $1030. The yield on the bond is 8%, if the yield change form 8% to

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Justification: Question 18: A bond has a current price of $1030. The yield on the bond is 8%, if the yield change form 8% to 8.1%, the price of the bond will go down to 1,025.88. The modified duration of this bond is A- 4.32 B- 4.00 c- 3.25 D- 3.75 E- None of the above Justification

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