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Bond ABC has maturity of 1.5 years, coupon rate of 6% (interest paid semi-annually ), and YTM of 10%. Calculate the actual Macaulay duration of

Bond ABC has maturity of 1.5 years, coupon rate of 6% (interest paidsemi-annually), and YTM of 10%.

Calculate the actual Macaulay duration of this bond in years.(Round to 4 decimal places)

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