Compute the modified duration of a 9% coupon, 3-year corporate bond with a yield to maturity of 12%.

Compute the modified duration of a 9% coupon, 3-year corporate bond with a yield to maturity of 12%.

Compute the modified duration of a 9% coupon, 3-year corporate bond with a yield to maturity of 12%. 



A. 2.45

B. 2.75

C. 2.88

D. 3


Answer: A