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A 3 year bond has annual coupons of 6.5%, and a face/redemption value of $100. If the bond YTM is 6.25%, find the Macauley duration
A 3 year bond has annual coupons of 6.5%, and a face/redemption value of $100. If the bond YTM is 6.25%, find the Macauley duration for the bond
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