Required: A bond currently sells for \\( \\$ 1.020 \\), which gives it a yieid...
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Required: A bond currently sells for \\( \\$ 1.020 \\), which gives it a yieid to maturity of \5. Suppose that if the yield increases by 25 basis points, the price of the bond falls to \\( \\$ 985 \\). What is the modified duration of this bond? (Do not round intermediate calculations. Round your onswer to 4 decimal places.)
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