Question: Calculate the approximate modified duration for a 10-year, 5% annual-pay bond priced at 106.84307 percent of par for a 5 basis point change in the

Calculate the approximate modified duration for a 10-year, 5% annual-pay bond priced at 106.84307 percent of par for a 5 basis point change in the yield to maturity. Group of answer choices

A. 7.602

B. 7.981

C. 7.853

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