What is the macaulay duration of the bond

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Kyle is interested in investing his savings in the corporate bonds.

He has collected the information in Coca-Cola bond. This is a 20-year bond with stated annual coupon rate 6%, par value of $1,000, and annual coupon payment. Suppose the yield of this bond is 8%.

What is the Macaulay duration of the bond?

Reference no: EM132494316

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