Question: Assume that there is a bond that pays $ 2 5 . 0 0 at the and of year 3 , and $ 1 3

Assume that there is a bond that pays $25.00 at the and of year 3, and $130.00 at the end of year 7. It sells at a total =$(25.00+130.00). The Macauley duration of the bond is? Answer with two digits decimal accuracy.

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