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uppose we buy an AT&T bond (as in the image below) today. The settlement rule is T+2, meaning the settlement date is Mar 7, 2022.

uppose we buy an AT&T bond (as in the image below) today. The settlement rule is T+2, meaning the settlement date is Mar 7, 2022. The current YTM of the bond is 2.783041 %. Calculate the Modified Duration of the bond in years?

Note that you need to use the convention of day count as in the image. Round your answer to 2 decimal places. For example, if your answer is 25.689, please write down 25.69.

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