Answer: The first seven weeks ends in 537 B.C.E. The second segment of the Seventy Weeks period, sixty-two weeks in length, covered by verse 26, culminates in 103 B.C.E. (586-49-434=103 B.C.E.). Verse 26 indicates that “after sixty-two weeks an anointed one shall be cut off.” This “anointed one” is the High Priest Alexander Yannai (103-76 B.C.E.) who came to power just at the end of the sixty-two week period in 103 B.C.E. and was the last of the important Hasmonean leaders. The phrase “after sixty-two weeks” indicates the time frame during which the “anointed one shall be cut off,” that is, suffer karet, “excision.” The penalty accompanying karet is here aptly described as “to have nothing,” or “be no more.” This punishment is given to Alexander Yannai infamous for his unjust, tyrannical, and bloody rule. He is notorious for his open violent animosity against the Pharisees and his brazen rejection of the Oral Law. For example, Josephus records that Alexander Yannai fought against the Pharisees for six years, “and . . . slew no fewer than fifty thousand of them” (Jewish Antiquities XIII. 13. 5. ). He also “ordered some eight hundred of the Jews to be crucified, and slaughtered their children and wives before the eyes of the still living wretches” (Jewish Antiquities XIII. 14. 2. ).
Verse 26 shows when Alexander Yannai, the “anointed one,” would assume power and what kind of punishment would be meted out to him for his transgressions against God.