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A bond with a coupon rate of 7 percent sells at a yield to maturity of 8 percent. If the bond matures in 1 1
A bond with a coupon rate of percent sells at a yield to maturity of percent. If the bond matures in years, what is the Macaulay duration of the bond? What is the modified duration?
Note: Do not round intermediate calculations. Round your answers to decimal places.
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
