Question
A government bond with two years remaining to maturity makes annual coupon payments at 8% per year. The bond is currently trading at its face
A government bond with two years remaining to maturity makes annual coupon payments at 8% per year. The bond is currently trading at its face value. Calculate the Macaulays duration of the bond.
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
