Question 3 (1 point) A particular asset has the following payment scheme: $100 at the end of years 1, 3, 7 $400 at the end of years 2,6 . $900 at the end of year 10 The annual effective yield is 5% Calculate the modified duration of this asset. a) 6.06 b) 8.27 Oc) 5.78 d) 6.27 e) 7.81