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Calculate the Macaulay duration and modified duration for bond A with the followingcharacteristics. Yield to maturity is 8%, coupon rate is 8%, and time to

Calculate the Macaulay duration and modified duration for bond A with the followingcharacteristics. Yield to maturity is 8%, coupon rate is 8%, and time to maturity is 2 years. Assume par is $1000 and coupons are semi-annual.

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