Question: > A Moving to the next question prevents changes to this answer. Question 17 of 60 Question 17 1 points Save Answer The Modified Duration

> A Moving to the next question prevents changes to this

> A Moving to the next question prevents changes to this answer. Question 17 of 60 Question 17 1 points Save Answer The Modified Duration of a bond with the following characteristics is [TWO-decimal places) years. 10% CAY CpnRate MktRate D feature 2 5% 11 noncallable Instructions: You do not need to show work. Just calculate this to 2-decimal places and type your answer in the box below. IMPORTANT: Your number format should be exactly TWO-decimal places. For example, 54.12 and 0.12 would be acceptable, while 54.123 and .12 would be auto-graded incorrectly. Windows Window

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