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A $ 1 , 0 0 0 face value bond has a 6 . 0 % coupon and pays interest annually. The bond matures in

A $ $1, 000$ face value bond has a $6.0 %$ coupon and pays interest annually. The bond matures in $4$ years, and the annual market interest is $3 % .$ What is the Macaulay duration?

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Question

A $ 1 , 0 0 0 face value bond has a 6 . 0 % coupon and pays interest annually. The bond matures in

A $1,000 face value bond has a 6.0% coupon and pays interest annually. The bond matures in 4 years, and the annual market interest is 3%. What is the Macaulay duration?

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Introduction To The Financial Management Of Healthcare Organizations

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A $ $1, 000$ face value bond has a $6.0 %$ coupon and pays interest annually. The bond matures in $4$ years, and the annual market interest is $3 % .$ What is the Macaulay duration?