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Question 14 An annual coupon-paying bonds Macaulay duration is 8.25 years. If the current annual interest rate is 6%, what is the modified duration of

Question 14

An annual coupon-paying bonds Macaulay duration is 8.25 years. If the current annual interest rate is 6%, what is the modified duration of this bond?

8.51 years

7.68 years

7.78 years

7.95 years

7.00 years

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