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Posted on Sep 07, 2024

You find a bond with 2 6 years until maturity that has a coupon rate of 1 0 percent and a yield to maturity of

You find a bond with

26

years until maturity that has a coupon rate of

10

percent and a yield to maturity of

12

percent. What is the Macaulay duration? The modified duration?

Note: Do not round intermediate calculations. Round your answers to

3

decimal places.

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