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What is the modified duration of a 3 - year bond 6 . 2 % annual coupon with a par value of $ 1 ,

What is the modified duration of a

3 -

year bond

6.2 %

annual coupon with a par value of $

1, 000

and a

6.5 %

yield to maturity?

[

Round the answer to two decimals

]

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