A five-year bond with a yield of 11% (annually compounded） pays an 8% coupon at the end of each year. What is the bond's modified duration?（ ） A: 3.982 B: 4.256 C: 3.843
A five-year bond with a yield of 11% (annually compounded） pays an 8% coupon at the end of each year. What is the bond's modified duration?（ ） A: 3.982 B: 4.256 C: 3.843
1