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The Macaulay duration for a bond that has a life of 3 periods, a current price of $800, pays coupons of $100 in periods 1&2,

The Macaulay duration for a bond that has a life of 3 periods, a current price of $800, pays coupons of $100 in periods 1&2, has a face value of $825, and the relevant interest rate is 5.25% is approximately

A.1.31

B.3

C.2,400

D.3.32

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