Multiple Choice
Assume a bond with a $1,000 par value and an 11 percent coupon rate, two years remaining to maturity, and a 10 percent yield to maturity. The modified duration of this bond is
A) 1.73 years.
B) 1.71 years.
C) 1.90 years.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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