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No handwritten answers will be accepted. A bond with a coupon rate of 11 percent sells at a yield to maturity of 13 percent. If

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A bond with a coupon rate of 11 percent sells at a yield to maturity of 13 percent. If the bond matures in 11 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration years years

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