Consider a 6.5 percent bond with a maturity of 10 years. The price of this bond is
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Consider a 6.5 percent bond with a maturity of 10 years. The price of this bond is $972.50. The Macaulay duration is 5.9 years. What is the modified duration for this bond?
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Related Book For 
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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