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Q2. A bond with a coupon rate of 5% annually and a face value of $1,000 matures in 7 years. If the current annual market

Q2. A bond with a coupon rate of 5% annually and a face value of $1,000 matures in 7 years. If the current annual market interest rate is 6%, what are the Mac D and Mod D of the bonds?

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