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A bond has a yield to maturity of 8 percent. It matures in 10 years. Its coupon rate is 8 percent. What is its modified
A bond has a yield to maturity of 8 percent. It matures in 10 years. Its coupon rate is 8 percent. What is its modified duration? The bond pays coupons twice a year. (Do not round intermediate calculations. Enter your answers rounded to 2 decimal places.)
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