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without using excel 6. Consider a 14-year bond with 6% semiannual coupons, maturing at par and selling at par. Compute the Macaulay duration of this

without using excel

6. Consider a 14-year bond with 6% semiannual coupons, maturing at par and selling at par. Compute the Macaulay duration of this bond. (Answer in years). a. 9.66 b. 10.25 c. 11.35 d. 12.45 e. 13.28

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