The current price of a bond having annual coupons is 1312, Ask an Expert

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The current price of a bond having annual coupons is $1,312. The derivative of the price function of the bond with respect to the yield to maturity is -$7443.81 when evaluated at the current annual yield, which is 7%. Calculate the Macaulay duration D(.07,oo) and the modified duration D(.07,1) of the bond.

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