Question
21. If a 3-year, semi-annual bond ($1,000 par value) has an annual coupon rate of 8 percent, and an a nnual yield to maturity of
21. If a 3-year, semi-annual bond ($1,000 par value) has an annual coupon rate of 8 percent, and an annual yield to maturity of 6 percent, then calculate Macaulay's duration of the bond using the table format demonstrated in the video (not the equation)
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Sports Finance And Management Real Estate Media And The New Business Of Sport
Authors: Jason A. Winfree, Mark S. Rosentraub, Brian M Mills, Mackenzie Zondlak
2nd Edition
1138341819, 9781138341814
