Question
A bond pays annual coupons at a rate of 4.1% and has face value 1000. The bond has exactly two years until it matures and
A bond pays annual coupons at a rate of 4.1% and has face value 1000. The bond has exactly two years until it matures and has a yield to maturity of 6.1%. Assume that the price of this bond equals 963.38. What is the Macaulay duration of this bond?
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The Dark Side Of Valuation
Authors: Aswath Damodaran
3rd Edition
0134854101, 9780134854106
