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Problem #13: Compute the Macaulay duration of a bond with annual coupons, a face and redemption amount of $455, an [3 marks] effective annual coupon

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Problem #13: Compute the Macaulay duration of a bond with annual coupons, a face and redemption amount of $455, an [3 marks] effective annual coupon rate of 4% per year, n = 3 coupons until maturity, and an effective annual yield rate of 3% per year. (A) 2.86 (B) 2.89 (C) 2.77 (D) 2.83 (E) 2.80 Problem #13: Select

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