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Find the duration of a bond with settlement date May 30, 2016, and maturity date November...

Find the duration of a bond with settlement date May 30, 2016, and maturity date November 21, 2025. The coupon rate of the bond is 5%, and the bond pays coupons semiannually. The bond is selling at a yield to maturity of 6%. ( Round your answers to 4 decimal places.)

Macaulay duration
Modified duration
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Answer #1

1.
=DURATION(DATE(2016,5,30),DATE(2025,11,21),5%,6%,2,1)=7.56967773810732

2.
=MDURATION(DATE(2016,5,30),DATE(2025,11,21),5%,6%,2,1)=7.34920168748283

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