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When yield rises by 50 basis points, the bond price drops from 1000 to 920. Its modified duration is closest to: A. 16 years B.

When yield rises by 50 basis points, the bond price drops from 1000 to 920. Its modified duration is closest to:

A. 16 years
B. 14 years
C. 18 years
D. 15 years
E. 17 years

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