For an 18-year, 3.09% annual-pay bond currently trading at par, calculate the approximate modified duration based on a change in yield of 29 basis points.   A.   11.6   B.   12.6   C. 13.6 D. 14.6

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A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

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A: Here,

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