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What is the Macaulay duration of a bond with a coupon of 8 . 6 percent, twelve years to maturity, and a current price of

What is the Macaulay duration of a bond with a coupon of 8.6 percent, twelve years to maturity, and a current price of $1,043.70? What is the modified duration?
Note: Do not round intermediate calculations. Round your answers to 3 decimal places.
\table[[,Duration],[Macaulay,8.026,Years,],[Modified,7.430,Years,]]
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