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Problem 10-23 Calculating Duration (L04, CFA6) What is the Macaulay duration of a bond with...

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Problem 10-23 Calculating Duration (L04, CFA6) What is the Macaulay duration of a bond with a coupon of 72 percent, five years to maturity, and a current price of $1,027.60? What is the modified duration? (Do not round Intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration Years Years

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