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A treasury bond has a ten-year maturity and a 1.5% coupon rate and a $1000 par. The yield-to-maturity is 1% . What is the Macauley

A treasury bond has a ten-year maturity and a 1.5% coupon rate and a $1000 par. The yield-to-maturity is 1% . What is the Macauley duration in semi-annual periods? (insert your answer in decimal and two decimal units. eg. 5.64)

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