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Suppose you are considering a debt security that has a $ 1 , 0 0 0 face value, an 8 % coupon rate, pays interest

Suppose you are considering a debt security that has a $1,000 face value, an 8% coupon rate, pays interest semi-annually, and matures in 5 years. You require a 10% yield on similar securities. Compute
Your current value of the debt security and the modified duration of the debt security

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