What is the macaulay duration of a 76 percent coupon bond


What is the Macaulay duration of a 7.6 percent coupon bond with seven years to maturity and a current price of $942.40? What is the modified duration? (Round your answer to 3 decimal places.)

Duration             

  Macaulay           Years 

  Modified           Years  

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Financial Management: What is the macaulay duration of a 76 percent coupon bond
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