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What is the Macaulay duration of a 6.2% semi-annual coupon bond with 3 years to maturity and a price of $1,015? What is the modified
What is the Macaulay duration of a 6.2% semi-annual coupon bond with 3 years to maturity and a price of $1,015? What is the modified duration?
please show your work in detail.no excel
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
