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P11.23 (similar to) A bond has a Macaulay duration equal to 6.0 and a yield to maturity of 4.0%. What is the modified duration of

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P11.23 (similar to) A bond has a Macaulay duration equal to 6.0 and a yield to maturity of 4.0%. What is the modified duration of this bond? The modified duration of this bond is(Round to two decimal places.)

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