Question
A bond has a face value of $1000, fixed coupon rate of 6% and 3 years to maturity. The discount rate is 1.0%. What is
A bond has a face value of $1000, fixed coupon rate of 6% and 3 years to maturity. The discount rate is 1.0%. What is the Macaulay Duration? State the answer as a number with 2 decimals (for example, 3.12).
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
