Question
1.Consider a 5year, annualpay bond with a par value of $2.5 million. The bond has a modified duration of 4.25, a full price of 102.55
1.Consider a 5year, annualpay bond with a par value of $2.5 million. The bond has a modified duration of 4.25, a full price of 102.55 per 100 of par, and a coupon rate of 5%. The market discount rate is 5.5%. What is its Macaulay Duration?
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Lectures On Corporate Finance
Authors: Peter L Bossaerts, Bernt Arne Odegaard
2nd Edition
9812568999, 978-9812568991
