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(No excel, no financial calculator) show steps and formula please Problem 54.1 Find the modified duration of a 30-year, $1,000 face value, 6% annual coupon

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(No excel, no financial calculator) show steps and formula please

Problem 54.1 Find the modified duration of a 30-year, $1,000 face value, 6% annual coupon bond. Assume an effective annual interest rate of 9%

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