Find the macaulay duration for the bond

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Reference no: EM132028263

Answer the following question

A three year annual coupon bond has coupons of 10 per year starting one year from now and matures in three years for amount 100.

The yield to maturity for the bond is 11.8%. Find the Macaulay duration for the bond.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132028263

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