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A bond has a Macaulay duration equal to 10.5 and a yield to maturity of 8.5%. What is the modified duration of this bond?
A bond has a Macaulay duration equal to 10.5 and a yield to maturity of 8.5%. What is the modified duration of this bond? The modified duration of this bond is (Round to two decimal places.)
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
