Consider a 5-year risk-free coupon bond with face value $100, coupon rate of 7% and yield-tomaturity of 3%. What is the Macaulay duration of this bond? None of the answers are correct 4.44 years 3.29 years 5.00 years 3.12 years For questions involving calculations, please choose the closest answer. Unless otherwise noted, assume that coupon rates are annual and paid annually, and ignore the convexity effect