What is the macaulay duration of the bond what is the


A bond with a coupon rate of 10 percent sells at a yield to maturity of 11 percent. If the bond matures in 10 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

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Financial Management: What is the macaulay duration of the bond what is the
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