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A corporate bond pays half-yearly coupons. Its annual coupon rate is 27%. Its par value...

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A corporate bond pays half-yearly coupons. Its annual coupon rate is 27%. Its par value at maturity is $1,000. The bond matures in 2 years. Its annual yield to maturity is currently 15%. The Macaulay duration of this bond is O 1.7 years 0.3 years 4.5 years 3.4 years

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