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A 7%, 20-year corporate bond was recently being priced to yield 10%. The Macaulay duration for the bond is 9 years. Given this information, the
A 7%, 20-year corporate bond was recently being priced to yield 10%. The Macaulay duration for the bond is 9 years. Given this information, the bond's modified duration would be?
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Basic Marketing Research
Authors: Tom J. Brown, Tracy A. Suter, Gilbert A. Churchill
8th edition
978-1133188544
