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A bond has a face value of $1000, fixed coupon rate of 9.5% and 3 years to maturity. The discount rate is 4.5%. What is

A bond has a face value of $1000, fixed coupon rate of 9.5% and 3 years to maturity. The discount rate is 4.5%. What is the Macaulay Duration? State the answer as a number with 2 decimals (for example, 3.12).

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