Question: Question 11 3 pts Consider a contract that pays out $190 in 6 months, $112 in 12 months, $92 in 18 months, $40 in 2

Question 11 3 pts Consider a contract that pays out $190

Question 11 3 pts Consider a contract that pays out $190 in 6 months, $112 in 12 months, $92 in 18 months, $40 in 2 years. What is this contract's Macaulay duration (in years)? Assume this contract is currently trading at a yield of 3%. Round your answer to 3 decimal places. For example if your answer is 5.5175, then please write down 5.518. Hint: First price this contract, and then calculate its duration accordingly

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