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Posted on Aug 01, 2024

A bond with a coupon rate of 1 1 percent sells at a yield to maturity of 1 2 percent. If the bond matures in

A bond with a coupon rate of

11

percent sells at a yield to maturity of

12

percent. If the bond matures in

10

years, what is the Macaulay

duration?

Note: Do not round intermediate calculations. Round your answer to

3

decimal places.

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