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Problem #6: A 3 year bond has annual coupons of 7.5%, and a face/redemption value of $100. If the bond YTM is 7.75%, find the

Problem #6:

A 3 year bond has annual coupons of 7.5%, and a face/redemption value of $100. If the bond YTM is 7.75%, find the Macauley duration for the bond.

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