Question: Question 8 2 pts What is the modified duration in years of a 8% coupon bond with 2 years to maturity and a face value

Question 8 2 pts What is the modified duration in years

Question 8 2 pts What is the modified duration in years of a 8% coupon bond with 2 years to maturity and a face value of $100? Assume the bond is trading at a yield of 5%, and that coupons are paid semi-annually. Round your answer to decimal places. For example if your answer is 5.517, then please write down 5.52

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