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Fixed Income
Fixed Income
Hard
A 3-year, 6% annual-coupon bond with a face value of $1,000 has a YTM of 7%. Its Macaulay duration is 2.829 years. The bond's modified duration is closest to:
A
2.643 years
B
2.829 years
C
3.027 years
D
2.500 years
Select an answer to continue
Tags
#macaulay-duration
#modified-duration
#interest-rate-risk
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