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A $100 par value bond with 2% annual coupons and maturing at $113 in 3 years. Given an effective annual interest rate of 3%, compute
A $100 par value bond with 2% annual coupons and maturing at $113 in 3 years. Given an effective annual interest rate of 3%, compute the Macaulay convexity of this bond.
a) 8.66 b) 8.77 c) 8.83 d) 8.89 e) 8.95
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
