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Saraca Capital has issued a 12% annual coupon bond, 5-year maturity, with YTM=8% and face value $1000. The modified duration for this bond is 3.74

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Saraca Capital has issued a 12% annual coupon bond, 5-year maturity, with YTM=8% and face value $1000. The modified duration for this bond is 3.74 3.81 4.24 4.46 None of the above

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