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A bond has a Macaulay duration equal to 10.5 and a yield to maturity of 8.5%. What is the modified duration of this bond? (round
A bond has a Macaulay duration equal to 10.5 and a yield to maturity of 8.5%. What is the modified duration of this bond?
(round to two decimal places)
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
