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  3. s.(1) = .03 so2 = .06 s.(3) = .09 s. (4) = .12 usi

S.(1) = .03 So2 = .06 S.(3) = .09 S. (4) = .12 Using these...

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S.(1) = .03 So2 = .06 S.(3) = .09 S. (4) = .12 Using these spot rates, find the Macauley Duration for a three year zero-coupon bond

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