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1. Nov, 2005 #2. Calculate the Macaulay duration of an eight-year 100 par value bond with 10% annual coupons and an effective rate of interest

1. Nov, 2005 #2. Calculate the Macaulay duration of an eight-year 100 par value bond with 10% annual coupons and an effective rate of interest equal to 8%. (A) 4 (B) 5 (C) 6 (D) 7 (E) 8

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