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Assume that there is a bond that pays $50 at the end of year 1 and $50 at the end of year 2. It sells

Assume that there is a bond that pays $50 at the end of year 1 and $50 at the end of year 2. It sells at $100. The Macauley duration of the bond is:

A) 0

B) 1

C) 1.5

D) 2

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