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What is the Macaulay duration of a 10-year zero-coupon bond when the interest rate is 5%? Group of answer choices 10 years 9.52 years 5.92
What is the Macaulay duration of a 10-year zero-coupon bond when the interest rate is 5%?
Group of answer choices
10 years
9.52 years
5.92 years
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W Melicher, Edgar Norton
13th Edition
0470128925, 9780470128923
