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QUESTION 9 Calculate the duration (Macaulay) of a 2-year bond that pays 4% coupon annually, has a YTM of 13% and a face value of

QUESTION 9 Calculate the duration (Macaulay) of a 2-year bond that pays 4% coupon annually, has a YTM of 13% and a face value of $1,000. Round your final answer to two decimal places

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