Question: Consider the following information: There exists a bond with a 6.493956% semi-annual coupon, 10 years to maturity, yielding 5.311621%. Calculate the Macaulay Duration in years

Consider the following information: There exists a bond with a 6.493956% semi-annual coupon, 10 years to maturity, yielding 5.311621%. Calculate the Macaulay Duration in years (round to 6 decimal places).

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