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An Apple annual coupon bond has a coupon rate of 6.4%, face value of $1,000, and 4 years to maturity. If its yield to maturity
An Apple annual coupon bond has a coupon rate of 6.4%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 6.4%, what is its Macaulay Duration? Answer in years, rounded to three decimal places. Type your numeric answer and submit Step by Step Solution
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Financial Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
