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Consider the following two bonds: Bond A (face value = $1000, maturity = 10 years, and coupon rate = 4%), and Bond B (face value

Consider the following two bonds: Bond A (face value = $1000, maturity = 10 years, and coupon rate = 4%), and Bond B (face value = $1000, maturity = 10 years, and coupon rate = 8%). Assuming annual interest payments and an 8% yield to maturity on the bonds, calculate Macaulay duration for Bond A and Bond B.

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