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Problem # 7: A 3 year bond has annual coupons of 8%, and a face redemption value of $100. Ifthe bond YTM is 5.75%, find

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Problem # 7: A 3 year bond has annual coupons of 8%, and a face redemption value of $100. Ifthe bond YTM is 5.75%, find the Macauley duration for the bond. Problem 7 Answer correct to 3 decimals Submit Problem #7 for Gradin

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