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You find a bond with 30 years until maturity that has a coupon rate of...

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You find a bond with 30 years until maturity that has a coupon rate of 12 percent and a yield to maturity of 14 percent. What is the Macaulay duration? The modified duration? (Do not round Intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration yan years

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