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Suppose a bond has a 8% coupon rate and pays coupons semiannually, the current price is $1012 and the par value is $1000. The bond

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Suppose a bond has a 8% coupon rate and pays coupons semiannually, the current price is $1012 and the par value is $1000. The bond has 1.5 years remaining until maturity. What is the Macaulay duration of the bond? What is modified duration? If Yields go up by 3% what is the effect on Price

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