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Question
A bond's Macaulay duration is 95 years. If the current annual interest rate is 7%, what is the modified duration of this bond?a. 7.00 years
b. 7.88 years
c. 7.43 years
d. 7.95 years
e. 8.51 years
Answer
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Related questions
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d. All of the above are true.
e. Only a. and c. are true.
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b. currencies in the future at a specified time at an unknown exchange rate.
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In the credit process, which of the following activities falls under Credit Execution and Administration?
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