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What is the Macaulay Duration of a 6.5% annual coupon bond with 3 years to maturity, 51,000 face value, and yield to maturity of 6.597

What is the Macaulay Duration of a 6.5% annual coupon bond with 3 years to maturity, 51,000 face value, and yield to maturity of 6.597 Round to three decimal places. a. 2.865 b. 2.821 c. 2.886 d. 2.875 e. 2.908

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