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A bond with a coupon rate of 9 percent sells at a yield to maturity of 1 1 percent. If the bond matures in 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.
Answer is complete but not entirely correct.
tableDurationMacaulayyearsModifiedyears
The answers currenty on the question are wrong
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