Question: plz help asap Exhibit 13.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM A $1,000 par value bond with five years to maturity and a

plz help asap plz help asap Exhibit 13.1 USE THE INFORMATION BELOW FOR THE FOLLOWING

Exhibit 13.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM A $1,000 par value bond with five years to maturity and a 6 percent coupon has a yield to maturity of 8 percent. Interest is paid semiannually. Refer to Fxhibit 13-1. Calculate the Macaulay duration for the bond. a. 4.36 years b. 8.72 years c. 4.19 years d. 8.38 years e. 9.52 years

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