What is the macaulay duration of bond

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Reference no: EM131881341

What is the Macaulay duration of a bond that has a par value of $1,000, a coupon rate of 9.95 percent (paid annually), and that matures in 10 years? Assume a required rate of return on this bond is 3.27 percent. Round the answer to four decimal places. You should use Excel or on-line Duration calculator.

Reference no: EM131881341

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