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Using the table below, compute the Macaulay duration (in years) for bond 1 Bond 1 6% 6% 3 $100 $100 Coupon Yield to maturity

Using the table below, compute the Macaulay duration (in years) for bond 1 Bond 1 6% 6% 3 $100 $100 Coupon Yield to maturity Maturity (in years) Par value Price Bond 2 7% 6% 4 $100 $108

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