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Is this correct? Please round the answer to 2 decimal places Vhat is the Macaulay duration of a bond with a coupon of 8.6 percent,

Is this correct? Please round the answer to 2 decimal places

Vhat is the Macaulay duration of a bond with a coupon of 8.6 percent, twelve years to maturity, and a current price of $1,043.70 ? What the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

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