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A bond has 16 years left to maturity. With semi-annual coupon of $25 (paid twice a...

A bond has 16 years left to maturity. With semi-annual coupon of $25 (paid twice a year). The yield to maturity (the rate for equal duration and risk bonds is now going for) is 4.5%. Show steps

A. What is the current price of the bond?

B. What is the Macauley Duration of the bond?

C. What is the Modified Duration of the bond?

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