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7. (Bonus: 20 pts) An asset provides $40 at the end of each 6 months for 10 years. In addition to the semi- annual payments,

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7. (Bonus: 20 pts) An asset provides $40 at the end of each 6 months for 10 years. In addition to the semi- annual payments, the asset provides a lump sum of $1,000 at the end of 10 years. The yield of the sot (2) = 8% compounded semi-annually. Determine the modified duration DC, 2) of the asset

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