What is the modified duration of a semiannual-pay 9.5 percent coupon bond with 10 years...
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What is the modified duration of a semiannual-pay 9.5 percent coupon bond with 10 years to maturity and a yield to maturity of 10.5 percent? Answer to two decimals, carry intermediate calcs. to four decimals.Assume 1,000 par value and semi annual compounding
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