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A 3 year bond has annual coupons of 8.5%, and a face/redemption value of $100. If the bond YTM is 6.75%, find the Macauley duration

A 3 year bond has annual coupons of 8.5%, and a face/redemption value of $100. If the bond YTM is 6.75%, find the Macauley duration for the bond.

Answer correct to 3 decimals.Answer correct to 3 decimals.

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