Find macaulay duration and modified


Consider a U.S. 30-year corporate bond with the following characteristics:

Settlement date: May 5, 2017

Maturity date: March 15, 2047

Coupon: 3.25%

Yield: 4.56%

Frequency: ?

Basis: actual / actual

a-Find Macaulay duration and modified duration. Make sure to show your work.

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Financial Management: Find macaulay duration and modified
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