Question: Can someone write every steps? The answer is 2566 here. 4. A $1,000 bond with 8% annual coupons matures in 3 years at $1,100. It

Can someone write every steps? The answer is 2566 here.

4. A $1,000 bond with 8% annual coupons matures in 3 years at $1,100. It is purchased at a price to yield 9% effective. Determine the modified duration of the bond. a. 2566 O b. 2551 O C. 2340 d. 1796 2589

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