Question: A bond with a 2-year maturity has a coupon rate of 10% and a face value of $1,000. The coupons are paid annually and the

A bond with a 2-year maturity has a coupon rate of 10% and a face value of $1,000. The coupons are paid annually and the next coupon is due in one year. The bond's yield to maturity is 10%. What is this bond's Modified Duration?


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