Question
An Apple annual coupon bond has a coupon rate of 6.8%, 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 6.8%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 6.8%, what is its Macaulay Duration? Answer in years, rounded to three decimal places.
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
