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What is the modified duration of a 10 year zero coupon bond priced at $500?...

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What is the modified duration of a 10 year zero coupon bond priced at $500? Hint: You need to find the yield first. Look at your notes and it will tell you the Macaulay duration of a zero coupon bond. You need to find the modified duration which is why you need to calculate the yield. 1) 10 2) 9.3 3) 8.7 O4) less than 8

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