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Determine the time-weighted present value of the cash flows provided by the bond (i.e. the numerator in the equation for computing the Macauley Duration (MD)
Determine the time-weighted present value of the cash flows provided by the bond (i.e. the numerator in the equation for computing the Macauley Duration (MD) for the bond.
A. $826.15
B.$3,925.33
C.$6,408.10
D.$1,836.88
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