Question
10 points) An 8% semi-annual payment bond has 2 years remaining to the maturity and is purchased at the coupon paying date. The face value
10 points) An 8% semi-annual payment bond has 2 years remaining to the maturity and is purchased at the coupon paying date. The face value is $1000. The YTM is 10%. What is its Macaulay duration? What is its modified duration?
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Fundamentals Of Futures And Options Markets
Authors: Jonn C. Hull
8th International Edition
0133382850, 9780133382853
