Question
All else constant, which one of the following will increase the Macaulay duration? 1. a decrease in the face value 2. an increase in the
All else constant, which one of the following will increase the Macaulay duration?
| 1. | a decrease in the face value | |
| 2. | an increase in the time to maturity | |
| 3. | an increase in the yield to maturity | |
| 4. | an increase in the coupon rate | |
| 5. | an increase in the current market price |
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
