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MSFT has a bond outstanding with a current price of $1,114.60, a coupon rate of 3% that is paid annually, and eight years until maturity.

MSFT has a bond outstanding with a current price of $1,114.60, a coupon rate of 3% that is paid annually, and eight years until maturity. Calculate the Macauley Duration for the bond if the PYTM is 1.47%.

-8.113

-8

-7.279

-7.174

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