In Jun 2009, you want to buy the US Treasury issued 10.00% bonds maturing at...
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In Jun 2009, you want to buy the US Treasury issued 10.00% bonds maturing at the end of 2015. The market price of this bond is 115, what's the YTM of this bond? And what's the Macauley duration and Modified duration of this bond? How do you interprete the meaning of Modified duration?
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