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| rev | Admin | (Created page with "'''Solution: E''' The price is P = 950. The modified duration is <math display = "block"> \frac{-P'}{P} = \frac{-4750}{950} = 5. </math> Macaulay duration is (1.09)(5)= 5.45. {{soacopyright | 2023 }}") | Nov 20'23 at 17:02 | +204 |