Question: Please help me with the question below with detailed steps, thank you! Question 3. A bond will pay a coupon of 100 at the end

Please help me with the question below with detailed steps, thank you!

Question 3. A bond will pay a coupon of 100 at the end of cach of the next thrce years and will pay the face value of 1000 at the end of the three-year period. Calculate the bond's Macaulay duration using an annual effective interest rate of 20%. Hint: 27 W

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