Question
An annual coupon bond has a coupon rate of 7%, face value of $100, and 3 years to maturity. If its yield to maturity is
An annual coupon bond has a coupon rate of 7%, face value of $100, and 3 years to maturity. If its yield to maturity is 3.6%, what is its Macaulay Duration? Answer in years, rounded to three decimal places.
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Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
4th Edition
1640553223, 978-1640553224
