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Today (settlement date) is November 1st, 2022. The bond matures on November 1st, 2028. The bond pays a 5% coupon annually and has a 7%
Today (settlement date) is November 1st, 2022. The bond matures on November 1st, 2028. The bond pays a 5% coupon annually and has a 7% yield to maturity. What is the modified duration of the bond?
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