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You sold a security which requires you to pay $728.50 two years from now and $645.80 ten years from now. The yield to maturity is
You sold a security which requires you to pay $728.50 two years from now and $645.80 ten years from now. The yield to maturity is 5%. The Macaulay duration of your liability is ___. A. 5 B. 4.76 C. 5.6 D. 6
A. 5
B. 4.76
C. 5.6
D. 6
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