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Briefly explain Macaulay Duration and how it is calculated as if you were talking to an 5th grader - you could use the metaphor of

Briefly explain Macaulay Duration and how it is calculated as if you were talking to an 5th grader - you could use the metaphor of a teeter-totter or seesaw (subibaja en espaol). (use 2-4 bullet points)

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