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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sopranorsquos spaghetti factory issued 17-year bonds two years ago at a coupon rate of 740 percent if these bonds
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