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Question 6 Calculate the Macaulay duration of an eight-year 100 par value bond with 10% annual coupons and an effective rate of interest equal to

Question 6 Calculate the Macaulay duration of an eight-year 100 par value bond with 10% annual coupons and an effective rate of interest equal to 8%. (a) 3.989 (b) 4.989 (c) 5.989 (d) 6.989 (e) 7.989

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