What is the modified duration of the bond

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Suppose a bond has a 6% coupon rate and pays coupons semiannually, the current price is $883 and the par value is $1000. The bond has 4 years remaining until maturity.

a. What is the YTM of the bond?

b. What is the Macaulay duration of the bond?

c. What is the modified duration of the bond?

Reference no: EM132065281

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