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A bond with a coupon rate of 10 percent sells at a yield to maturity of 12 percent. If the bond matures in 12 years,

A bond with a coupon rate of 10 percent sells at a yield to maturity of 12 percent. If the bond matures in 12 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration Macaulay years years Modified

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