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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 a
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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