Find the duration of bond with settlement date

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Reference no: EM131859718

Find the duration of a bond with settlement date June 7, 2016, and maturity date December 7, 2025. The coupon rate of the bond is 6%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 7%. (Do not round intermediate calculations. Round your answers to 4 decimal places.)

a) Macaulay duration

b) Modified duration

Reference no: EM131859718

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