Question: Include ALL decimal points A bond currently sells for $1,150, which gives it a yield to maturity of 5%. Suppose that if the yield increases

Include ALL decimal points

A bond currently sells for $1,150, which gives it a yield to maturity of 5%. Suppose that if the yield increases by 10 basis points, the price of the bond falls to $1130 What is the modified duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Modified duration years

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