Calculate the Modified Duration for a 10-Year, 12 Percent Bond

question 109

Multiple Choice

Calculate the modified duration for a 10-year, 12 percent bond with a yield to maturity of 10 percent and a Macaulay duration of 7.2 years.

• A) 6.43 years
• B) 6.55 years
• C) 6.79 years
• D) 6.86 years
• E) 7.01 years

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