Question: = A 10-year bond with face value F = $1,000 pays $70 in coupons per year. The current yield rate on the market is io

= A 10-year bond with face value F = $1,000 pays

= A 10-year bond with face value F = $1,000 pays $70 in coupons per year. The current yield rate on the market is io = 4% (constant flat structure). (a) Find the Macaulay duration for this bond DMac (io)

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