What is the modified duration of this


The duration of an 11-year, $1000 Treasury bond that pays an annual coupon of 8% and trades at a YTM of 10% semiannually and selling at par is 6.763 years.

What is the modified duration of this bond?

What will be the estimated price change of the bond if interest rates increase by .1% by -.1%?

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Financial Management: What is the modified duration of this
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