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Suppose we have a 2-year bond with semi-annual coupons and an 8% annual coupon rate. its face value is $1000, and its YTM is 10%.

Suppose we have a 2-year bond with semi-annual coupons and an 8% annual coupon rate. its face value is $1000, and its YTM is 10%. Calculate the Macaulay's Duration of the bond.

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