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What is the Macaulays duration of a bond with a par value of $10,000 that...

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Finance

  1. What is the Macaulays duration of a bond with a par value of $10,000 that has a coupon rate of 6.5 percent annually and a final maturity of two years? Assume that the required rate of return is 4 percent compounded semiannually.

  1. 1.949 years

b. 1.910 years

c. 1.876 years

d. 1.713 years

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