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A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semiannual interest payments.
A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semiannual interest payments. What is the bond's modified duration?
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The Handbook Of Sentiment Analysis In Finance
Authors: Gautam Mitra, Xiang Yu
1st Edition
1910571571, 978-1910571576
