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What is the Macaulay duration of a 7.4 percent coupon bond with six years to maturity and a current price of $1, 029.90? What is

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What is the Macaulay duration of a 7.4 percent coupon bond with six years to maturity and a current price of $1, 029.90? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

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