2FM week 7_a - 6.7603453 Calculate the modified duration of...

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ADAPT Practice Problems provided by SALT Solutions *ADAPT questions have a difficulty definition on a scale from 1 to 10 with 1 representing easy and 10 representing very difficult. Week 7 Difficulty level*is
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Unformatted text preview: 6.7603453 Calculate the modified duration of a five-year par value bond with 4% annual coupons and an effective rate of interest equal to 8%. A) 4.25 B) 4.59 C) 3.97 D) 4.18 E) 4.31...
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