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If you have a bond with $ 1 0 0 0 face value pays annual coupon rate 6 % with YTM 6 % and 3

If you have a bond with $1000 face value pays annual coupon rate 6% with YTM 6% and 3 years to maturity calculate the Macaulay duration. If YTM for the same bond changes to 10% what is the new Macaulay duration and what is your takeaway from this change?

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