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a) What is the Macaulay duration of a 6% coupon bond making semi-annual coupon payments if the bond has 5 years until maturity and is

a) What is the Macaulay duration of a 6% coupon bond making semi-annual coupon payments if the bond has 5 years until maturity and is trading to yield 4%?

b) What is the modified duration of a 6% coupon bond making semi-annual coupon payments if the bond has 5 years until maturity and is trading to yield 4%?

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