What is the macaulay duration of a 7 coupon bond with five


What is the Macaulay duration of a 7% coupon bond with five years to maturity and a current price of $1,025.30? What is the modified duration? (Assume semi-annual coupon payments unless it is explicitly stated to use annual coupon payments)

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Financial Management: What is the macaulay duration of a 7 coupon bond with five
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