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An Investor Buys a 6% Annual Payment Bond with Three

Question 12

Multiple Choice

an investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 8% and is currently priced at 94.845806 per 100 of par. The bond's Macaulay duration is closest to:


A) 2.62.
B) 2.78.
C) 2.83.

Correct Answer:

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