Question: Question 17 (1 point) Saved A bond with an YTM of 6% currently trades at $972. If the yield decreases by 75 basis points, the

Question 17 (1 point) Saved A bond with an YTM of

Question 17 (1 point) Saved A bond with an YTM of 6% currently trades at $972. If the yield decreases by 75 basis points, the bond's price bond will go up to $1,035. What is the modified duration of this bond? 7.55 years 8.62 years 9.23 years 10.73 years

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