Question: Click to see additional instructions A bond has a Macaulay Duration of 8.1688. The bond has semiannual coupons and a 6% YTM. What is the

Click to see additional instructions A bond has a Macaulay Duration

Click to see additional instructions A bond has a Macaulay Duration of 8.1688. The bond has semiannual coupons and a 6% YTM. What is the modified duration? Give your answer to two decimal places. years

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