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What is the Macaulay duration of a semiannual-pay 7.39 percent coupon bond with 12 years...

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Finance

What is the Macaulay duration of a semiannual-pay 7.39 percent coupon bond with 12 years to maturity and a yield to maturity of 6.35 percent? Answer to two decimals, carry intermediate calcs. to four decimals.Assume 1,000 par value and semi annual compounding

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