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You own a corporate bond that carries a 5 . 8 % coupon rate and pays $ 1 0 , 0 0 0 at maturity
You own a corporate bond that carries a coupon rate and pays $ at maturity in exactly years. The current market yield on the bond is Coupon interest is paid semiannually and the marked price is $ calculate the bond's macaulay's dusration and modified dusration
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