Question: What is the modified duration for a three-year, semi-annual pay, $1,000 par value, 8.00% coupon bond that is currently priced to yield 5.22%? 2.60 1.82

What is the modified duration for a three-year, semi-annual pay, $1,000 par value, 8.00% coupon bond that is currently priced to yield 5.22%?

2.60
1.82
2.67
1.44

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