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QUESTION 23 A semi-annual coupon bond has a coupon rate of 10%, face value of...

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Accounting

QUESTION 23 A semi-annual coupon bond has a coupon rate of 10%, face value of $1,000, and 1.5 years to maturity. If its yield to maturity is 10%, what is its Modified Duration? a. 1.340 b. 1.362 c. 1.374 d. 1.386 e. 1.399

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