Question: Please show work Compute the Macaulay duration for a 5-year bond paying annual coupons of 8% and having a yield to maturity of 6.5%. Answers:

Please show work
Compute the Macaulay duration for a 5-year bond paying annual coupons of 8% and having a yield to maturity of 6.5%.
Answers:
a. 4.60
b. 4.07
c. 4.33 (correct)
d. 4.69
e. 5.00

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