Question
A 7 year bond with 7% annual coupons yields 10% annual effective. Calculate the Macaulay duration (in years) of the bond. Round the answer to
A 7 year bond with 7% annual coupons yields 10% annual effective. Calculate the Macaulay duration (in years) of the bond. Round the answer to the nearest hundredth year. (For example, input 1.23 if the answer is 1.23 years.)
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
