Question
A bond has a face value of $1000, fixed coupon rate of 11.8% and 3 years to maturity. The discount rate is 6.8%. What is
A bond has a face value of $1000, fixed coupon rate of 11.8% and 3 years to maturity. The discount rate is 6.8%. What is the Macaulay Duration? State the answer as a number with 2 decimals (for example, 3.12).
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Meetings Expositions Events And Conventions An Introduction To The Industry
Authors: George G. Fenich
4th Global Edition
1292093765, 9781292093765
