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What is the Macaulay duration of a semiannual-pay 6.62 percent coupon bond with 7 years to maturity and a yield to maturity of 9.55 percent?
What is the Macaulay duration of a semiannual-pay 6.62 percent coupon bond with 7 years to maturity and a yield to maturity of 9.55 percent? Answer to two decimals, carry intermediate calcs. to four decimals.
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