For the following bond par value 1000 coupon rate 8 paid


For the following bond, Par value: 1,000 Coupon rate: 8% paid annually Time to maturity: 3 years Interest rate: 4% What is the modified duration? Select one: a. 2.210 years b. 2.445 years c. 2.861 years d. 2.688 years

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Financial Management: For the following bond par value 1000 coupon rate 8 paid
Reference No:- TGS01700062

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