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What is the Macaulay duration of a bond with a coupon of 4 . 8 percent, six years to maturity, and a current price of
What is the Macaulay duration of a bond with a coupon of percent, six years to maturity, and a current price of $ What is
the modified duration?
Note: Do not round intermediate calculations. Round your answers to decimal places.
Answer is complete but not entirely correct.
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