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What is the Macaulay and Modified duration for a bond with 5 years to maturity, a 6% coupon rate paid annually, a 5% YTM, and
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The Macaulay duration of a bond is the weighted average term to maturity of its cash flows The Modif...Get Instant Access to Expert-Tailored Solutions
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
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