A bond has a Macaulay duration of 8.5 years and a yield to maturity of 9 percent.
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A bond has a Macaulay duration of 8.5 years and a yield to maturity of 9 percent. What is its modified duration?
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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