Zero coupon bond price

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1. Zero Coupon Bond Price. Calculate the price of a zero coupon bond that matures in 24 years if the market interest rate is 4.9 percent. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

2. A ten year, 5% annual coupon bond has a yield-to-maturity of 7%.

Estimate the modified duration.

Reference no: EM131883764

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