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You find a bond with 2 5 years until maturity that has a coupon rate of 1 1 percent and a yield to maturity of

You find a bond with 25 years until maturity that has a coupon rate of 11 percent and a yield to maturity of 13 percent. What is the Macaulay duration? The modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
\table[[,Duration],[Macaulay,8.425ox,years],[Modified,7.456,years]]
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