Question: show step by step work and explanation for choice The modified duration (measured in years) of a 6% coupon bond paid semi-annually with 7.5 years

show step by step work and explanation for choice The modified

show step by step work and explanation for choice

The modified duration (measured in years) of a 6% coupon bond paid semi-annually with 7.5 years remaining and trading at an annualized yield to maturity of 3.63% is closest to: A. 5.62 B. 6.04 C. 6.15 D. 7.11

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