Multiple Choice
An 8%, 30-year corporate bond was recently being priced to yield 10%.The Macaulay duration for the bond is 10.20 years.Given this information, the bond's modified duration would be
A) 8.05.
B) 9.44.
C) 9.27.
D) 11.22.
Correct Answer:
Verified
Correct Answer:
Verified
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