A 1000 bond that pays semi-annual coupons at 5 redeems at
A $1,000 bond that pays semi-annual coupons at 5% redeems at par in exactly 3 years from now.
Calculate the Macaulay Duration (in years), if the yield to maturity is currently 6%.
Express your answers in two decimal places
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a 1000 bond that pays semi-annual coupons at 5 redeems at par in exactly 3 years from nowcalculate the macaulay
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