CFA Level I sample question

CFA Level I 11. Yield-Based Bond Duration Measures and Properties question

Fixed Income / 11. Yield-Based Bond Duration Measures and Properties

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11. Yield-Based Bond Duration Measures and Properties sample question

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Fixed Income

11. Yield-Based Bond Duration Measures and Properties

An annual-coupon bond has a Macaulay duration of 5.25 years and a yield-to-maturity of 6.0% compounded semiannually. The bond's modified duration is closest to:

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