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Calculate the Macaulay Duration for a 5-Year $1,000 Par Value

Question 91

Multiple Choice

Calculate the Macaulay duration for a 5-year $1,000 par value bond,with a 6% coupon and a yield to maturity of 8%.Interest is paid annually.

A) 6.44 years
B) 5.25 years
C) 4.44 years
D) 2.50 years
E) None of the above

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