A two$-$year, $$1,000($i$.$e$.,$ face value$)$ bond that pays a semi$-$annual coupon of $11$ percent and trades at a yield of $10$ percent. Calculate Macaulay duration.

Enter your answer rounded to $2$ decimals, and without any units. So$,$ for example, if your answer is $3\mathrm{.}4568,$ then just enter $3\mathrm{.}46.$A two$-$year, $$1,000($i$.$e$.,$ face value$)$ bond that pays a semi$-$annual coupon of $11$ percent and trades at a yield of $10$ percent. Calculate Macaulay duration.

Enter your answer rounded to $2$ decimals, and without any units. So$,$ for example, if your answer is $3\mathrm{.}4568,$ then just enter $3\mathrm{.}46.$