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Question 9-10 Please find the information below: Bond X, a $1000 face value, 8% coupon bond maturing in the year 2024 Bond Y, a $1000

Question 9-10

Please find the information below:

Bond X, a $1000 face value, 8% coupon bond maturing in the year 2024

Bond Y, a $1000 face value, 6% coupon bond maturing in the year 2026.

Bond Z, a zero- coupon bond maturing in the year 2028

9-Calculate duration for the three bonds if the interest rate is 9%.

10-Calculate modified duration for the three bonds if the interest rate is 9%.

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