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1. Value: points 10.00 What is the Macaulay duration of a 6.8 percent coupon bond with eight years to maturity and a current price of

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1. Value: points 10.00 What is the Macaulay duration of a 6.8 percent coupon bond with eight years to maturity and a current price of $1,071.70? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places Duration Macaulay 6.487 Years 6.14 Years Modified

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