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Kylie bought a 7-year 5,000 par value bond with an annual coupon rate of 7.6% paid semi-annually. She bought the bond with no premium or

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Kylie bought a 7-year 5,000 par value bond with an annual coupon rate of 7.6% paid semi-annually. She bought the bond with no premium or discount Calculate the Macaulay duration of this bond with respect to the yield rate on the bond. 5.16 5.35 5.56 D 5.77 E 5.99

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