Question: (4 pts. Based on information from Question 1. what is the approximate modified duration of the bond if you use an annual yield change of

(4 pts. Based on information from Question 1. what is the approximate modified duration of the bond if you use an annual yield change of 10 bps? O 9.9 25.4 O 116 0 36 You are considering the purchase of a bond with t.. following features: Exactly 15 years to maturity . 5% coupon, paid semi-annually The current yield to maturity on the bond is 7% . Par value = $100

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