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0. A 10 year bond with face value of $10,000 and 6% annual coupon is currently trading at par. If the yield decreased by 20 basis points the price would increase to $10,148.61. If the yield increased by 20 basis points the price would decrease to $9,854.18. What is the approximate modified duration of this bond?
6.36.
7.36.
8.36.
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