Nikul What is the Macaulay duration of a bond with a coupon of 4.8 percent, six years to maturity, and a current price of $1,048.40? What isthe modified duration?Note: Do not round intermediate calculations. Round your answers to 3 decimal places.Answer is complete but not entirely correct.MacaulayDuration5.371 YearsModified5.170Years

YearCash flowDiscount factor @ YTM of 3.88%Present valueWeight…

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EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 5P

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