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Macaulay duration for a 10-year semi-annual pay bond is 9.5. a- if the yield to maturity is 12% calculate the modified duration. b- If a

Macaulay duration for a 10-year semi-annual pay bond is 9.5. a- if the yield to maturity is 12% calculate the modified duration. b- If a 19-year semi-annual pay bond has a Macaulay duration of 15.5 and yield to maturity of 8.05%. If the yield falls to 7.25%, calculate the approximate percentage change in the bonds price

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