Question: You may need to use Excel for this question! Question 3 9.8 pts An investor purchases a bond at a price of 112.41 per hundred

You may need to use Excel for this question!

Question 3 9.8 pts An investor purchases a bond at a price of 112.41 per hundred of par. If the required yield decreases or increases by 250 basis points, the price of this bond increases to 157.01 and decreases to 85.25respectively. Using this information, solve for the approximate modified duration of the bond. Round two decimal places in your

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