Question: Using Macaulay's general and closed form formulas, calculate the duration of a 6 percent, $1,000 par bond maturing in three years if the yield to

Using Macaulay's general and closed form formulas, calculate the duration of a 6 percent, $1,000 par bond maturing in three years if the yield to maturity is 10 percent and interest is paid semiannual...

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