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What is the modified duration for a four-year, semi-annual pay, $1,000 par value, 6.00% coupon bond that is currently priced to yield 7%? Group of

What is the modified duration for a four-year, semi-annual pay, $1,000 par value, 6.00% coupon bond that is currently priced to yield 7%?

Group of answer choices

3.26

3.39

2.72

3.49

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