Question
an investor buys a 7% semi-annual payment bond with three years to maturity. the bond has a yield to maturity to 8.5% and is currently
an investor buys a 7% semi-annual payment bond with three years to maturity. the bond has a yield to maturity to 8.5% and is currently priced at 96.100 per 100 of par. calculate the bonds macaulay duration
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
