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Question 5 (1 point) Consider a fifteen-year bond that pays interest semiannually. Its annual coupon rate is 5%, and its yield to maturity is 6.5%.

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Question 5 (1 point) Consider a fifteen-year bond that pays interest semiannually. Its annual coupon rate is 5%, and its yield to maturity is 6.5%. The modified duration of this bond is 9.71 years 10.34 years 11.12 years 12.38 years

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