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Question 12 Homework Unanswered Consider an annual coupon bond with a coupon rate of 8.6%, face value of $1,000, and 2 years to maturity. If

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Question 12 Homework Unanswered Consider an annual coupon bond with a coupon rate of 8.6%, face value of $1,000, and 2 years to maturity. If its yield to maturity is 2.7%, what is its Macaulay Duration? Answer in years, rounded to three decimal places, Type your numeric answer and submit

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