Exhibit 13.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Talmart Corporation bonds have a $1,000 face value and will mature in four years. The bonds have a 6 percent coupon rate. Interest is paid annually, and the required rate of return is 6 percent for these bonds. Refer to Exhibit 13.2. What is the Macaulay duration of the Talmart corporate bonds?

a. 3.64

b. 4.11

c. 3.76

d. 3.85

e. 3.43