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A bond with a coupon rate of 9 percent sells at a yield to maturity of 10 percent. If the bond matures in 10 years,
A bond with a coupon rate of 9 percent sells at a yield to maturity of 10 percent. If the bond matures in 10 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 years Modified
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
