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Posted on Jul 16, 2024

A bond with a coupon rate of 1 1 percent sells at a yield to maturity of 1 3 percent. If the bond matures in

A bond with a coupon rate of

11

percent sells at a yield to maturity of

13

percent. If the bond matures in

11

years, what is the Macaulay duration of the bond? What is the modified duration?Note: Do not round intermediate calculations. Round your answers to

3

decimal places.

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