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2 ) Kylie bought a 7 - year, 5 0 0 0 par value bond with an annual coupon rate of 7 . 6 %
Kylie bought a year, par value bond with an annual coupon rate of paid semiannually. She bought the bond with no premium or discount. Calculate the Macaulay duration of this bond with respect to the yield rate on the bond.
Kylie bought a year, par value bond with an annual coupon rate of paid semiannually. She bought the bond with no premium or discount. Calculate the Macaulay duration of this bond with respect to the yield rate on the bond.
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