Question: View previous 2 Required: A bond currently sells for $1050, which gives it a yield to maturity of 6%. Suppose that if the yleld increases

View previous 2 Required: A bond currently sells for $1050, which gives it a yield to maturity of 6%. Suppose that if the yleld increases by 25 basis points, the price of the bond falls to $1,025. What is the modified duration of this bond? (Do not round Intermediate calculations, Round your answer to 4 decimal places.) 0 bolts Modified duration 10.1000 years

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