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You are given a bond with a par value of 100 USD. This bond will take...

You are given a bond with a par value of 100 USD. This bond will take twenty years for it to mature. Each year the coupon for this bond is at ten percent. Each year the interest is at five percent.

What is the modified duration if the coupon is made twice a year?

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jeff jeffy answered 2 years ago
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