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QUESTION
A bond with a coupon rate of 6.5 percent sells at a yield to maturity of 9.2 percent. If the bond matures in 12 years, what is the Macaulay duration?...
A bond with a coupon rate of 6.5 percent sells at a yield to maturity of 9.2 percent. If the bond matures in 12 years, what is the Macaulay duration?
