Find the duration of a bond with settlement date June 11, 2016, and maturity date...
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Accounting
Find the duration of a bond with settlement date June 11, 2016, and maturity date December 15, 2025. The coupon rate of the bond is 4%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 5%. (Do not round intermediate calculations. Round your answers to 4 decimal places.)
Macaulay duration
Modified duration
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