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Simple question but i dont get the answer :( A four-year bond with a par value of $1,000 with a coupon rate of 10% (paid
Simple question but i dont get the answer :(
A four-year bond with a par value of $1,000 with a coupon rate of 10% (paid annually) is selling to yield 9% per annum. This bond has a modified duration of
Select one:
4.12 years
3.02 years
3.21 years
3.99 years
4.17 years
Thanks!
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