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What is the Macaulay duration (D) of a 2-year bond with a $73 annual coupon (paid annually), $1,000 par, and a yield of 5.4%? Round
What is the Macaulay duration (D) of a 2-year bond with a $73 annual coupon (paid annually), $1,000 par, and a yield of 5.4%? Round to four decimals. (show work)
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