Question
A T-bond with semi-annual coupons has a coupon rate of 2%, face value of $1,000, and 2 years to maturity. If its yield to maturity
A T-bond with semi-annual coupons has a coupon rate of 2%, face value of $1,000, and 2 years to maturity. If its yield to maturity is 4%, what is its Macaulay Duration? Answer in years, rounded to three decimal places.
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Risk Management And Financial Institutions
Authors: John C Hull
6th Edition
1119932483, 9781119932482
