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For a UK Government issued bond with six years to maturity, £1000 par value, 5% coupon...

For a UK Government issued bond with six years to maturity, £1000 par value, 5% coupon per year and an 8% yield to maturity, its Macaulay Duration is: a) 6 years b) 5.5 years c) 5.3 years d) 4.8 years e) 4.5 years

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