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Question 2. A bond will pay a coupon of 100 at the end of each of the next three years andwill pay the face value

Question 2. A bond will pay a coupon of 100 at the end of each of the next three years andwill pay the face value of 1000 at the end of the three-year period. Calculate the bond's Macaulayduration using an annual e ective interest rate of 20%

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