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An OAT paying a nominal rate of 1% and maturing on November 25, 2025 trades at the coupon rate of 107.28% on September 13, 2016.

An OAT paying a nominal rate of 1% and maturing on November 25, 2025 trades at the coupon rate of 107.28% on September 13, 2016. Coupons are paid every November 25. a) Calculate the current rate of return of this obligation b) Calculate the Macaulay duration of this OAT

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