Question
A 6% coupon, 12-year corporate bond is priced to yield 8%. The Macaulay duration for this bond is 8.59 years. Given this information, what is
A 6% coupon, 12-year corporate bond is priced to yield 8%. The Macaulay duration for this bond is 8.59 years. Given this information, what is the bond's modified duration?
| 7.954 | ||
| 8.000 | ||
| 8.104 | ||
| 9.278
|
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285866304, 978-1285866307
