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. Calculate the Macaulay duration of a $1,000, 17% annual coupon bond maturing in 6 years with a current market price of $974.23 and has

.

Calculate the Macaulay duration of a $1,000, 17% annual coupon bond maturing in 6 years with a current market price of $974.23 and has a YTM of 20.0%.

Select one:

A. 5.30 years

B. 2.81 years

C. 3.30 years

D. 4.30 years

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