P11.18 A bond has a Macaulay duration equal to 9.5 and a yield to maturity of 7.5%.

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P11.18 A bond has a Macaulay duration equal to 9.5 and a yield to maturity of 7.5%. What is the modified duration of this bond?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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Question Posted: Oct 25, 2024 04:00 AM

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P11.18 A bond has a Macaulay duration equal to 9.5 and a yield to maturity of 7.5%. What is the modified duration of this bond?
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P11.18 A bond has a Macaulay duration equal to 9.5 and a yield to maturity of 7.5%.

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Fundamentals Of Investing

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