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) What is the Modified duration of a 3-year coupon bond with a face value of $1000, paying annual coupons of 7% per year, with

) What is the Modified duration of a 3-year coupon bond with a face value of $1000, paying annual coupons of 7% per year, with an annual yield to maturity of 10% per year. A. 2.60 years B. 3.03 years C. 2.75 years D. 2.80 years E. 2.55 years

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