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whatis the price of the bond in 1 year if rates rise to 6.0%? Find the Macaulay duration and the modified duration of a 15-yoar,

whatis the price of the bond in 1 year if rates rise to 6.0%? Find the Macaulay duration and the modified duration of a 15-yoar, \( 7.0 \% \) corporate bond priced to yeld \( 5.0 \% \). Acoording to the modified duration of this bond, how much of a price change 2 answers

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