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An analyst collects the following data for a 4% annual-payment bond with a current yield-to-maturity of 4.0%:
Annualized Yield to Maturity | Bond Price 3.9% | 100.45 4.0% | 100.00 4.1% | 99.56
The bond's annualized Macaulay duration is closest to:
A
4.28
B
4.45
C
4.63