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Suppose that the modified convexity is 9.1, the Macaulay convexity is 7.5, and the yield rate is 7%. Calculate the Macaulay duration of the cashflow.

Suppose that the modified convexity is 9.1, the Macaulay convexity is 7.5, and the yield rate is 7%.

Calculate the Macaulay duration of the cashflow. Round the answer to the nearest tenth.

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