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A bond currently sells at $120 with the yield to maturity of 10%. Suppose that if the yield increases from 1% to 2%, the price

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A bond currently sells at $120 with the yield to maturity of 10%. Suppose that if the yield increases from 1% to 2%, the price of the bond falls to $110. What is the Macaulay duration of this bond? 11 09.17 8.33 None of the other answers are correct. 10

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