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A 3-year bond with 5% annual coupons has a redemption value of 110% of its par value and is priced to yield an annual effective

A 3-year bond with 5% annual coupons has a redemption value of 110% of its par value and is priced to yield an annual effective rate of 7.5%. Calculate its duration and its modified duration. What is the duration of the same bond, but with no coupons? What is the Macaulay convexity of the first bond?

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