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What is the Approximate Modified Duration of a 22 year bond, making semiannual coupon payments, with a coupon rate of 5% and a current price
What is the Approximate Modified Duration of a 22 year bond, making semiannual coupon payments, with a coupon rate of 5% and a current price of 69.18 per 100 of par value, considering a 50 bps change in the discount rate? 8.68 none of the answers listed here 12.56 10.95
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