You find a bond with 22 years until maturity that has a coupon rate of...
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Finance
You find a bond with 22 years until maturity that has a coupon rate of 10 percent and a yield to maturity of 11 percent. What is the Macaulay duration? The modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration years years
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