What are some additional benefits or applications you can


1. A bond has a face value of $1,000, an annual coupon rate of 7%, yield to maturity of 10%, and 20 years to maturity. What is the Macaulay and Modified duration of the bond.

2. What is hybrid financing? Why is it important corporate financing?

3. What are some additional benefits or applications you can think of regarding either future or present value?

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Financial Management: What are some additional benefits or applications you can
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