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A bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. If the bond matures in 11 years,

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A bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. If the bond matures in 11 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.) Macaulay Modified Duration years years

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