A 9-year bond will pay a coupon of $300 at the end of years 3, 6,...

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A 9-year bond will pay a coupon of $300 at the end of years 3, 6, and 9. At the maturity date (end of year 9), it will also pay the redemption amount of $1,500. The Macaulay duration is known as Dmae 7.5. Calculate the modified duration, Dmod A 9-year bond will pay a coupon of $300 at the end of years 3, 6, and 9. At the maturity date (end of year 9), it will also pay the redemption amount of $1,500. The Macaulay duration is known as Dmae 7.5. Calculate the modified duration, Dmod

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Answer setepl Aralyse the data cearly stepa Note doun given dala A 9year bond w... View the full answer