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An annual coupon bond has a coupon rate of 7%, face value of $100, and...

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An annual coupon bond has a coupon rate of 7%, face value of $100, and 3 years to maturity. If its yield to maturity is 3.7%, what is its Macaulay Duration? Answer in years, rounded to three decimal places.

Question 7 Homework. Unanswered An annual coupon bond has a coupon rate of 7%, face value of $100, and 3 years to maturity. If its yield to maturity is 3.7%, what is its Macaulay Duration? Answer in years, rounded to three decimal places. Type your numeric answer and submit

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