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Consider a newly issued 7-yr, 8% coupon annual-pay bond priced at $1,112.96. If the yield-to-maturity is 6%, calculate the bond's Macaulay duration O 57 O

Consider a newly issued 7-yr, 8% coupon annual-pay bond priced at $1,112.96. If the yield-to-maturity is 6%, calculate the bond's Macaulay duration O 57 O 70 O Ou

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