An Apple annual coupon bond has a coupon rate of 6.8%, face value of $1,000, and 4 years to maturity. If its yield to ma

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answerhappygod
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An Apple annual coupon bond has a coupon rate of 6.8%, face value of $1,000, and 4 years to maturity. If its yield to ma

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An Apple annual coupon bond has a coupon rate of 6.8%, facevalue of $1,000, and 4 years to maturity. If its yield to maturityis 6.8%, what is its Macaulay Duration? Answer in years, rounded tothree decimal places.
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