Coupon bond with seven years to maturity

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Reference no: EM13881132

What is the Macaulay duration of a 6.6 percent coupon bond with seven years to maturity and a current price of $1,069.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

Duration

Macaulay Years

Modified Years

Reference no: EM13881132

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