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What is the Macauley duration of a US Treasury note with 4 years remaining, that is paying a 4% coupon and has a quoted yield
What is the Macauley duration of a US Treasury note with 4 years remaining, that is paying a 4% coupon and has a quoted yield of 4.35%. (This must be worked out in long form ie: do not use the Excel duration formula)
A. 3.7568
B. 3.7325
C. 3.7735
D. 3.7751
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