Question
A quarterly coupon bond has a coupon rate of 10%, face value of $1,000, and 1 year to maturity. If its yield to maturity is
A quarterly coupon bond has a coupon rate of 10%, face value of $1,000, and 1 year to maturity. If its yield to maturity is 5%, what is its Macaulay Duration?
| a. 0.959 | ||
| b. 0.965 | ||
| c. 0.971 | ||
| d. 0.978 | ||
| e. 0.985 |
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance, Roberts Brooks
8th Edition
0324601212, 9780324601213
