Question: A three - year bond with a 2 % coupon is trading at a YTM of 3 % . What is the Macaulay duration? a

A three-year bond with a 2% coupon is trading at a YTM of 3%. What is the Macaulay duration?
a)3 years
b)2.94? years
c)3%
d)2.94%
e)2%
 A three-year bond with a 2% coupon is trading at a

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