An 8 percent, 20-year corporate bond is priced to yield 9 percent. The Macaulay duration for this

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An 8 percent, 20-year corporate bond is priced to yield 9 percent. The Macaulay duration for this bond is 8.85 years. Given this information, how many years is the bond's modified duration?

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Fundamentals Of Investments

ISBN: 9780072829198

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Authors: Charles J. Corrado

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Question Posted: May 30, 2024 10:01 AM

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An 8 percent, 20-year corporate bond is priced to yield 9 percent. The Macaulay duration for this

Question:

a. 8.12 b. 8.47 C. 8.51 d. 9.25

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Fundamentals Of Investments

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