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Derive the (annualized) Macaulay duration for: an annual coupon non-par bond. I know how to do the Macaulay duration for par bond, and here is

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Derive the (annualized) Macaulay duration for: an annual coupon non-par bond.

I know how to do the Macaulay duration for par bond, and here is the solution for that. I need to solve for non par bond.

image text in transcribed

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