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Business, 03.03.2020 03:49 KieraKimball

A 3-year annual coupon bond has coupons of $12 per year starting one year from now and matures in 3 years for the amount $100. The yield to maturity is 11.8% (annual effective). Find the Macaulay duration of the bond.

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A 3-year annual coupon bond has coupons of $12 per year starting one year from now and matures in 3...
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