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Valerie Ltd has just issued a bond with the following characteristics: Type Coupon Rate YTM Par Value Maturity Annual 12.8% 8.2% $1,000 30 years The

Valerie Ltd has just issued a bond with the following characteristics: Type Coupon Rate YTM Par Value Maturity Annual 12.8% 8.2% $1,000 30 years The modified duration of Valerie Ltds bond is _________?

10.29

10.47

11.32

12.43

None of the above

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