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What is the Macaulay duration of a 6.8 percent coupon bond with eight years to maturity and a current price of $1,071.70? What is the
| What is the Macaulay duration of a 6.8 percent coupon bond with eight years to maturity and a current price of $1,071.70? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) |
| Duration | |
| Macaulay | Years |
| Modified | Years |
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