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INVESTMENTS (FIN 401) ASSIGNMENT CHAPTER TEN (B) 1. 2. 3. Calculate the Macaulay duration of a 3-year, 6% (semiannual) bond whose YTM is 8%. What

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INVESTMENTS (FIN 401) ASSIGNMENT CHAPTER TEN (B) 1. 2. 3. Calculate the Macaulay duration of a 3-year, 6% (semiannual) bond whose YTM is 8%. What would be the modified duration of the bond described in question 1 above? The current YTM of a semiannual bond with a 6.20 year duration is 9.2%. Calculate the percentage rate of change in the price of the bond if the YTM increases by 80 basis points

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