Question: A 1 0 0 par - value bond with 5 % annual coupons and maturing at par in 2 years sells at a price to

A 100 par-value bond with 5% annual coupons and maturing at par in 2 years sells at a price to yield 4%. Determine the Macaulay duration of the bond. (Round your answer to the nearest two decimals.)
A 100 par-value bond with 5% annual coupons and maturing at

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