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urgent Required: Find the duration & modified duration of a bond with settiement date June 16, 2018, and maturity date December 25, 2027. The coupon
urgent
Required: Find the duration \& modified duration of a bond with settiement date June 16, 2018, and maturity date December 25, 2027. The coupon rate of the bond is 5%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 6%. (Do not round intermediate calculations. Round your answers to 4 decimal places.) Step by Step Solution
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