Question
An Apple annual coupon bond has a coupon rate of 7.0%, face value of $1,000, and 4 years to maturity. If its yield to maturity
An Apple annual coupon bond has a coupon rate of 7.0%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 7.0%, what is its Macaulay Duration? Answer in years, rounded to three decimal places.
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Financial Management An Introduction
Authors: Jim McMenamin
1st Edition
0415181623, 9780415181624
