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What the Macaulay duration of this bond

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Reference no: EM132995831

Problem - A corporate bond pays half-yearly coupons. Its annual coupon rate is 27%. Its par value at maturity is $1,000. The bond matures in 2 years. Its annual yield to maturity is currently 15%. What the Macaulay duration of this bond?

Reference no: EM132995831

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