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The Macaulay's duration of a 1 0 - year, 1 0 % bond with a face value of $ 1 , 0 0 0 and

The Macaulay's duration of a 10-year, 10% bond with a face value of $1,000 and a market rate of 8%, compounded annually is:
10 years
11 years
12 years
13 years
None of the above
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