Question: what is the modified duration for a 25 year 9% coupon bond with a yield of 8% and par value of $100? a. 22.20 b.

what is the modified duration for a 25 year 9% coupon bond with a yield of 8% and par value of $100?

a. 22.20

b. 21.06

c. 10.53

d. 11.10

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