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6. Consider a 30-year zero-coupon bond with $1000 as face value. The YTM=y= 4% a. Calculate the Macaulay duration for the bond. * Cleopard TI

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6. Consider a 30-year zero-coupon bond with $1000 as face value. The YTM=y= 4% a. Calculate the Macaulay duration for the bond. * Cleopard TI share care b. If the yield to maturity on this bond increases by 1%, what is a rough estimate of the percentage price change

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