Modified duration = Macaulay Duration/(1+YTM/n)
YTM = yield to maturity
n = number of coupons per year
= 9.5/(1+0.075)
= 8.84
A bond has a Macaulay duration equal to 9.5 and a yield to maturity of 7.5%....
A bond has a Macaulay duration equal to 8.5 and a yield to maturity of 6.5%. What is the modified duration of this bond? The modified duration of this bond is(Round to two decimal places.)
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