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Question 1. Calculate the Macaulay duration and the modi ed duration of a 30-year zero-coupon bond with a face value of $1,000. Assume that the

Question 1.

Calculate the Macaulay duration and the modi ed duration of a 30-year zero-coupon

bond with a face value of $1,000. Assume that the annual yield-to-maturity is 8%

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