Calculate its modified duration calculate its dollar, Financial Management

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Calculate its modified duration calculate its dollar

A bond has a Macauley's Duration of 5.5 years, a yield of 6%, and a full price (price plus accrued interest) of 95.50. It pays coupons semiannually.

(a) Calculate its modified duration.

(b) Calculate its dollar duration.

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Financial Management: Calculate its modified duration calculate its dollar

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