Question: its not 7.146 and 6.627 either, please someone help every answer ive gotten has been wrong! A bond with a coupon rate of 9 percent
its not 7.146 and 6.627 either, please someone help every answer ive gotten has been wrong!
A bond with a coupon rate of 9 percent sells at a yield to maturity of 10 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 calculotions. Round your answers to 3 decimal places.) x Answer is complete but not entirely correct
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