Question: A bond has a Macaulay duration equal to 1 0 . 5 1 0 . 5 and a yield to maturity of 8 . 5
A bond has a Macaulay duration equal to
and a yield to maturity of
What is the modified duration of this bond?
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Part
The modified duration of this bond is
enter your response here.
Round to two decimal places.
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