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undefined You find a bond with 21 years until maturity that has a coupon rate of 9 percent and a yield to maturity of 11

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You find a bond with 21 years until maturity that has a coupon rate of 9 percent and a yield to maturity of 11 percent. What is the Macaulay duration? The modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration 8.863 years 8.401 years

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