Question: coupon Rate = 7% Maturity = 20 years Duration = 18.7 years Yield = 10% Face Value = 1000 What is Modified Duration of this

coupon Rate = 7% Maturity = 20 years Duration = 18.7 years Yield = 10% Face Value = 1000 What is Modified Duration of this bond?

17

18

18.48

20

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