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please answer with handwritten formula work only, no spreadsheet/excel, thank you Problem 3. Calculate the Macaulay duration of an eight-year 1000 par value bond with

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please answer with handwritten formula work only, no spreadsheet/excel, thank you

Problem 3. Calculate the Macaulay duration of an eight-year 1000 par value bond with 10% annual coupon rate and an effective rate of interest equal to 8%

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