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You find a bond with 28 years until maturity that has a coupon rate of 10 percent and a yield to maturity of 12
You find a bond with 28 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. Answer is complete but not entirely correct. Duration 9.194 years Macaulay Modified 8.209 years
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
