Question: ] To the nearest year, what is the Macaulay duration of a 10-year bond, paying 2% annual coupons, with an annual yield of 3%? 8

] To the nearest year, what is the Macaulay duration of a 10-year bond, paying 2% annual coupons, with an annual yield of 3%?

  1. 8
  2. 9
  3. 10
  4. Something else

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