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The modified duration of a 6% (annual) coupon 10-year bond priced at 120% of par is closet to: A. 7.05 years B. 7.72 years C.
The modified duration of a 6% (annual) coupon 10-year bond priced at 120% of par is closet to: A. 7.05 years B. 7.72 years C. 8.50 years D. 9.26 years
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