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Question 25 1 pts It has been determined the Macaulay's duration of a bond with a yield to maturity equal to 12 percent is 9.3

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Question 25 1 pts It has been determined the Macaulay's duration of a bond with a yield to maturity equal to 12 percent is 9.3 years. If the bond matures in 10 years, what is its modified duration? 9.3 years O 8.9 years 8.8 years O 8.3 years O 10.4 years

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