Question
a) What is the Macaulay duration of a 6% coupon bond making semi-annual coupon payments if the bond has 5 years until maturity and is
a) What is the Macaulay duration of a 6% coupon bond making semi-annual coupon payments if the bond has 5 years until maturity and is trading to yield 4%?
b) What is the modified duration of a 6% coupon bond making semi-annual coupon payments if the bond has 5 years until maturity and is trading to yield 4%?
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
