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The approximate modified duration of a 15 -year zero-coupon bond with a par value of $1000 and a yield of 6.7% is A. 13 B.
The approximate modified duration of a 15 -year zero-coupon bond with a par value of $1000 and a yield of 6.7% is A. 13 B. 15 C. 14 D. 12
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