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Consider a bond with an annual 8% coupon rate, seven years until maturity, and a YTM of 9.8%. What would the Macaulay duration of the

Consider a bond with an annual 8% coupon rate, seven years until maturity, and a YTM of 9.8%.

What would the Macaulay duration of the bond be?

Annual coupon rate 8%
Yield 9.8%
n 7
Payments per year 1
Basis 0
Settlement date
Maturity date
Duration

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