Question: A $ 1 , 0 0 0 face value bond has a 6 . 0 % coupon and pays interest annually. The bond matures in

A $1,000 face value bond has a 6.0% coupon and pays interest annually. The bond matures in 4 years, and the annual market interest is 3%. What is the Macaulay duration?
A $1,000 face value bond has a 6.0% coupon and pays

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