(Answered) A 1-year zero coupon bond with face value 100 sells for

Finance

A 1-year zero coupon bond with face value $100 sells for $96.70, a 2-year zero coupon bond sells for $91.20, a 3-year zero coupon bond sells for $85.00, and a 4-year zero coupon bond sells for $80.00.

Calculate the modified duration of the 4-yr zero coupon bond.

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