A bond with a coupon rate of 10 percent sells at a yield to maturity of 12

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A bond with a coupon rate of 10 percent sells at a yield to maturity of 12 percent. If the bond matures in 11 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

Posted Date: May 18, 2024 09:06 AM

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A bond with a coupon rate of 10 percent sells at a yield to maturity of 12

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