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Start learning 50% faster. Sign in nowModified Duration provides the approximate percentage change in a bond’s price for a 1% change in yield to maturity. The Macaulay duration of a bond is a weighted number of periods until the cash flows are to received
A and B enter a partnership. A contributed 5000 for 8 months and B 6000 for 5 months. Find A's share in a total profit of 9800.