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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 $1,027.60? 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 $1,027.60? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) I WILL CALL CHEGG AND GET YOU REMOVED IF YOU DO NOT SHOW ALL WORK AND GIVE THE CORRECT ANSWER. THE ANSWER IS NOT 4.381
What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $1,027.60? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration Macaulay 4.381 Years 4.13 Years ModifiedStep by Step Solution
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