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Question 1 (1 point) A bond priced at par of $100 pays fixed annual coupons at the end of each year for n years. The

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Question 1 (1 point) A bond priced at par of $100 pays fixed annual coupons at the end of each year for n years. The face value is also paid at the end of year n with the final coupon payment. The Macaulay Duration of the bond is 11.0591 and the annual effective yield rate is 7% Calculate n. a) 28 Ob) 14 O O c) 22 O O O d) 44 O e) 19

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