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6. Consider a 14-year bond with 6% semiannual coupons, maturing at par and selling at par. Compute the Macaulay duration of this bond. (Answer in

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6. Consider a 14-year bond with 6% semiannual coupons, maturing at par and selling at par. Compute the Macaulay duration of this bond. (Answer in years). a. 9.66 b. 10.25 c. 11.35 d. 12.45 13.28 e

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