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What is the Modified duration of a 15 year $15,000 face value bond that pays annual coupons at a rate of 3.500% if the effective

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What is the Modified duration of a 15 year $15,000 face value bond that pays annual coupons at a rate of 3.500% if the effective annual) yield rate is 9.250%? a. 12.648% b. 9.700% C. 11.577% O d. 10.597% O e. 6.809%

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