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Consider a 30-year U.S. bond paying 8 percent coupon. The interest is 10 percent. Find the bonds Macaulay duration? Find the bonds Modified duration.? If

Consider a 30-year U.S. bond paying 8 percent coupon. The interest is 10 percent.

Find the bonds Macaulay duration?
Find the bonds Modified duration.?
If the interest rate falls by 10 basis points, what is the exact percentage change in the bond price?
If the interest rate falls by 10 basis points, what is the approximate percentage change in the bond price?

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