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A 2-year annual - coupon corporate bond has initial yield to maturity of 8%. The coupon rate is 8%. What is the Macaulay duration

A 2-year annual - coupon corporate bond has initial yield to maturity of 8%. The coupon rate is 8%. What is

A 2-year annual - coupon corporate bond has initial yield to maturity of 8%. The coupon rate is 8%. What is the Macaulay duration of this bond? Assume a flat term structure. Answer to four decimal places. A. 1.8822 B. 1.8991 C. 1.9259 D. 1.9876 E. 2.0000

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