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What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $937.80? What is the
What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $937.80? What is the modified duration? (Round your answer to 3 decimal places.) |
Duration | |
Macaulay | Years |
Modified | Years |
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