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What is the macaulay duration of a bond

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Reference no: EM132712353

Problem 1: What is the Macaulay duration of a bond with a coupon of 8.4 percent, eleven years to maturity, and a current price of $1,041.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

Reference no: EM132712353

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