Question: An annual coupon bond has a coupon rate of 8.0%, face value of $1,000, and 4 years to maturity. If its yield to maturity is

An annual coupon bond has a coupon rate of 8.0%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 8.0%, what is its Modified Duration? Round to three decimal places.

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