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An 8%,30-Year Corporate Bond Was Recently Being Priced to Yield

Question 35

Multiple Choice

An 8%,30-year corporate bond was recently being priced to yield 10%.The Macaulay duration for the bond is 10.20 years.Given this information,the bond's modified duration would be


A) 8.05
B) 9.44
C) 9.27
D) 11.22
E) none of these

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