Question: A seven - year par value bond has a coupon rate of 9 % ( paid annually ) and a modified duration of: Note: Do

A seven-year par value bond has a coupon rate of 9%(paid annually) and a modified duration of:
Note: Do not round your intermediate calculations.
Multiple Choice
7.00 years.
5.49 years.
5.03 years.
4.87 years.
None of the options are correct.

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