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*Need an answer by the end of the day* Thanks Amy bought a 18-year, $50,000 par value bond with an annual coupon rate of 2.8%
*Need an answer by the end of the day*
Thanks Amy bought a 18-year, $50,000 par value bond with an annual coupon rate of 2.8% paid annually. She paid $46,775.96 for the bond.
Find the following: a) The yield on the bond. b) The Macaulay duration.
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