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Macaulay duration of the bond? What is the modified duration?A bond with a coupon rate of 8 percent sells at a yield to maturity of

Macaulay duration of the bond? What is the modified duration?A bond with a coupon rate of

8

percent sells at a yield to maturity of

10

percent. If the bond matures in

15

years, what is the Note: Do not round intermediate calculations. Round your answers to

3

decimal places.

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