9-66 Calculate the modified duration of a two-year corporate loan paying 6 percent interest annually.The $40,000,000 loan is 100 percent amortizing,and the current yield is 9 percent annually.
A)2 years.
B)1.91 years.
C)1.94 years.
D)1.49 years.
E)1.36 years.

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The Answer of 9-66 Calculate the modified duration of a two-year corporate loan paying 6 percent interest annually.The $40,000,000 loan is 100 percent amortizing,and the current yield is 9 percent annually.
A)2 years.
B)1.91 years.
C)1.94 years.
D)1.49 years.
E)1.36 years.

9-66 Calculate the Modified Duration of a Two-Year Corporate Loan