Question: my answer was 5.77 but it's wrong. Kylie bought a 7-year, 5,000 par value bond with an annual coupon rate of 7.6% paid semi-annually. She

my answer was 5.77 but it's wrong.

Kylie bought a 7-year, 5,000 par value bond with an annual coupon rate of 7.6% paid semi-annually. She bought the bond with no premium or discount Calculate the Macaulay duration of this bond with respect to the yield rate on the bond. A 5.16 B 5-35 5.56 D 5.77 E 5.99

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