QUESTION 44 0.4 pc Compute the modified duration of a 9% coupon, 3-year corporate bond with a yield to maturity of 12%. 2.88 years 3.0 years 2.75 years 2.45 years QUESTION 45 0.4 pa You have purchased a guaranteed investment contract ("GIC") from an insurance firm that promises to pay you a 5% compound rate of return per year for 6 years. If you pay $10,000 for the GIC today and receive no interest along the way, you will get in 6 years (to the nearest dollar). $13,676 $13,000 $12,565 $13,401