Question
A bond with a coupon rate of 9 percent sells at a yield to maturity of 11 percent. If the bond matures in 12 years,
A bond with a coupon rate of 9 percent sells at a yield to maturity of 11 percent. If the bond matures in 12 years, what is the Macaulay duration? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
