Question
A bond with a coupon rate of 7 percent sells at a yield to maturity of 9 percent. If the bond matures in 12 years,
A bond with a coupon rate of 7 percent sells at a yield to maturity of 9 percent. If the bond matures in 12 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
| Duration | |
|---|---|
| Macaulay | _____ years |
| Modified | _____ years |
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Supply Chain Finance And Blockchain Technology The Case Of Reverse Securitisation
Authors: Erik Hofman, Urs Magnus Strewe, Nicola Bosia
1st Edition
3319623702, 978-3319623702
