Question: A bond pays zero coupons and has face value 1000 . The bond has exactly two years until it matures and has a yield to

A bond pays zero coupons and has face value 1000 . The bond has exactly two years until it matures and has a yield to maturity of 6.4%. Assume that the price of this bond equals 883.32. What is the modified duration of this bond? a. 1.88 b. 2.00 c. 1.06 d. 0.25

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