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4. What is the McCauley Duration of this 2-year annual coupon bond with a par value of $1000 paying coupons of $40 when interest rates
4. What is the McCauley Duration of this 2-year annual coupon bond with a par value of $1000 paying coupons of $40 when interest rates are 6% annually? What is the Modified Duration when interest rates are 6% ? What is the Convexity of the bond when interest rates are 6%
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