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Assume that there is a bond that pays $15.00 at the and of year 1, and $105.00 at the end of year 5. It sells

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Assume that there is a bond that pays $15.00 at the and of year 1, and $105.00 at the end of year 5. It sells at a total =$(15.00+105.00). The Macauley duration of the bond is? Answer with two digits decimal accuracy

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