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Ford motor corporation has issued bonds earning an 6% per annum coupan rate. The interest is paid annually and the bonds mature in four year

Ford motor corporation has issued bonds earning an 6% per annum coupan rate. The interest is paid annually and the bonds mature in four year . The face value of the bond is $1000. Future we are given that the bonds are trading at par value. (A) calculate the macaulay duration of the above bond ? (B) calculate modified duration of the above bond

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