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

A 200 par-value bond with 10% annual coupons and maturing at par in 2 years sells at a price to yield 4%. Determine the Macaulay cluration of the bond. (Round your answer to the nearest 2 decimals)
A 200 par-value bond with 10% annual coupons and maturing at

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