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Find the Macaulay duration of Bond ABC in years by using an excel table. (4 digits after the decimal) Bond ABC 3.00% 2.50% CoPlease solve and show work!

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1 Duration of Bond = Coupon 1 (1+r)^1 - + 2 X - Coupon 2 (1+r)^2 -X1X - Bond Price + 3 X- Coupon 3 (1+r)^3 - + 4 X - Coupon 4

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