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Use the following information for Questions 35 below. Consider a bond with the following features: - Exactly 8 years to maturity - 7% annual coupon
Use the following information for Questions 35 below. Consider a bond with the following features: - Exactly 8 years to maturity - 7% annual coupon - 5% yield to maturity - 100 par value Question 3 What is the value of " X " in the table above? Round your answer to three decimal places. Question 4 What is the bond's Macaulay Duration? Round your answer to three decimal places
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