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    Exam 7: Interest Rate Forwards and Futures
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    Given a 3-Year,8
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Given a 3-Year,8

Question 19

Question 19

Multiple Choice

Given a 3-year,8.0% annual coupon bond with a par value of $1,000,what is the bond's Macaulay duration if the yield to maturity is 9.5%?


A) 2.779
B) 2.634
C) 2.535
D) 2.442

Correct Answer:

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