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What is the modified duration of the bond

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A bond pays an 8% coupon with 10 years to maturity. It's priced at 101.5. The bond is callable in only the last two years. If it is called at Year 8 and Year 8.5, the call price is 101. If it is called at Year 9 and Year 9.5, the call price is 100. The bond is putable only at the end of Year 6 with a put price of 99. What is the modified duration of the bond? Keep 4 decimal places, e.g., 12.1234

Reference no: EM132506216

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