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An 8% coupon rate bond is maturing in 1 year has a yield (YTM) of 10%. Assuming a face value of $1000, the price of

An 8% coupon rate bond is maturing in 1 year has a yield (YTM) of 10%. Assuming a face value of $1000, the price of the bond is $981.41 . Given this information calculate the Macaulay Duration (IN YEARS) is: Group of answer choices A. 0.93 B. 0.98 C. 1.00 D. 1.96 (check)

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