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What is the Macaulay’s Duration of a portfolio of bonds that invests 40% in a 5-year...

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Finance

What is the Macaulay’s Duration of a portfolio of bonds thatinvests 40% in a 5-year zero coupon bond with a par of $100 and 60%in a 3 year, 5% coupon interest bond (p.a.), with a par of $100.Assume Yield to Maturity is 8% p.a.?

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