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What is the Macaulay duration of a bond with a coupon of 7.4 percent, six years to maturity, and a current price of $1,029.90? What
What is the Macaulay duration of a bond with a coupon of 7.4 percent, six years to maturity, and a current price of $1,029.90? What is the modified duration? I solved and got Marcaulay=5.010 years and I know its right. I cannot get the modified duration. Please help
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