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Now suppose you want to measure the impact of a change in the prevailing bond yields on bond prices. If the duration of a bond

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Now suppose you want to measure the impact of a change in the prevailing bond yields on bond prices. If the duration of a bond is 2.736 years and the prevailing bond yield is 12 percent, then the bond's modified duration is: 2.223 years 2.443 years 2.565 years 2.663 years TOTAL SCORE 14 Grade 12

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