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stad Which one of the following bonds would you select if you thought market interest rates were going to fall by 50 basis points over

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stad Which one of the following bonds would you select if you thought market interest rates were going to fall by 50 basis points over the next six months? a. A bond with a Macaulay duration of 6.99 years that's currently being priced to yield 7.29%. b. A bond with a Macaulay duration of 14.75 years that's priced to yield 10.15% c. A bond with a Macaulay duration of 6.66 years that's priced to yield 6.49% good a. The modified duration for a bond with a Macaulay duration of 6.99 years that's currently being priced to yield 7.29% is years. (Round to two decimal places.) good

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