Question: A Treasury bond that settles on October 18, 2008, matures on March 30, 2029. The coupon rate is 8.2 percent and the bond has a

A Treasury bond that settles on October 18, 2008, matures on March 30, 2029. The coupon rate is 8.2 percent and the bond has a 6.85 yield to maturity. What are the Macaulay duration and modified duration?

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