Question: Calculate the modified duration (volatility) of the security below, using a 10% interest rate. A bond that makes a single payment of $140 at the

Calculate the modified duration (volatility) of the security below, using a 10% interest rate. A bond that makes a single payment of $140 at the end of period 2. Write your answer to two digits, e.g., 2.22 (X.XX)

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