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Compute the Macaulay duration for a 5-year bond paying annual coupons of 7% and having a yield to maturity of 4%. a. 4.81 b. 4.53
Compute the Macaulay duration for a 5-year bond paying annual coupons of 7% and having a yield to maturity of 4%.
| a. | 4.81 | |
| b. | 4.53 | |
| c. | 4.26 | |
| d. | 5.00 | |
| e. | 4.43 |
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