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Compute the Macaulay duration of a ten-year 6%, $1,000.00 bond having annual coupons and a redemption of $1,310.00 if the yield to maturity is 9%
Compute the Macaulay duration of a ten-year 6%, $1,000.00 bond having annual coupons and a redemption of $1,310.00 if the yield to maturity is 9%
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