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the answer is not 7.520 thanks in advance A bond with a coupon rate of 11 percent sells at a yield to maturity of 13

image text in transcribedthe answer is not 7.520

thanks in advance

A bond with a coupon rate of 11 percent sells at a yield to maturity of 13 percent. If the bond matures in 15 years, what is the Macaulay duration? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Macaulay duration Years

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