The bond has four years remaining to maturity

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Reference no: EM13914910

A bond has a $1,000 par value and an 8 percent coupon rate. The bond has four years remaining to maturity and a 10 percent yield to maturity. This bond's modified duration is ____ years.

a. 1.33 b. 1.27 c. 3.24 d. 1.31 e. none of the above

Reference no: EM13914910

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