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Consider a bond that makes annual coupon payments. Let the face value = 1000, the...

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Consider a bond that makes annual coupon payments. Let the face value = 1000, the coupon rate = 10%, the YTM = 5%, and the time to maturity equals 2 years. Calculate the modified duration of the bond. 2.032 B) 1.954 C) 1.934 D) 1.902 E) 1.838

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