What is the macaulay duration-modified duration

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What is the Macaulay duration of a 5.4 percent coupon bond with nine years to maturity and a current price of $1,055.40? What is the modified duration?

Reference no: EM13921710

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What is the macaulay duration-modified duration : What is the Macaulay duration of a 5.4 percent coupon bond with nine years to maturity and a current price of $1,055.40? What is the modified duration?
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