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What is the Macaulay duration of a 22-year bond with annual 4% coupons and a 4% yield to maturity? Possible Answers A 11.36 B 12.87

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What is the Macaulay duration of a 22-year bond with annual 4% coupons and a 4% yield to maturity? Possible Answers A 11.36 B 12.87 13.90 D 14.45 E 15.03

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