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A six-year 6.1% semi-annual coupon bond has a yield to maturity of 10% and a Macaulay duration of 10.014 (in half-years). a. What is the

A six-year 6.1% semi-annual coupon bond has a yield to maturity of 10% and a Macaulay duration of 10.014 (in half-years).

a. What is the modified duration in years?

b. If the yield increases by 25 basis points, what is the percentage price change using the modified duration

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