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I keep sending this and getting the wrong answer. A bond with a coupon rate of 8 percent sells at a yield to maturity of

I keep sending this and getting the wrong answer.

A bond with a coupon rate of

8

percent sells at a yield to maturity of

9

percent. If the bond matures in

10

years, what is the Macaulay duration of the bond? What is the modified duration

Note: Do not round intermediate calculations. Round your answers to

3

decimal places.

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