Transcribed image text: Calculate the annual Macaulay duration (Dmac) of a bond with a 7.08 percent coupon,

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Transcribed image text: Calculate the annual Macaulay duration (Dmac) of a bond with a 7.08 percent coupon, a 3-year maturity with a yield to maturity of 3.26, and face value of $1000. Interest is paid annually. (Hint: don't forget to compute the current price of the bond.)

Posted Date: Jul 02, 2024 01:06 AM

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Transcribed image text: Calculate the annual Macaulay duration (Dmac) of a bond with a 7.08 percent coupon,

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