A bond matures in 28 years, has a 22.76 year duration and a yield to maturity of 10.47%. Assuming annual compounding, w

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answerhappygod
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A bond matures in 28 years, has a 22.76 year duration and a yield to maturity of 10.47%. Assuming annual compounding, w

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A bond matures in 28 years, has a 22.76 year duration and a
yield to maturity of 10.47%. Assuming annual compounding,
what is the bond's modified duration in years? Round your
final answer to two decimal places (Ex. 0.00)
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