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Consider the following newly issued bonds - a coupon - bearing bond, a zero - coupon bond, and a perpetuity. Required: Using any necessary data
Consider the following newly issued bondsa couponbearing bond, a zerocoupon bond, and a perpetuity.
Required:
Using any necessary data above, calculate the Macaulay Duration of each bond. Then, use the Macaulay Duration to solve for the
Modified Duration.
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