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answer is 71.32585 (1) Calculate the Macaulay convexity of a ten-year 6%$1,000 bond having annual coupons and a redemption of $1,200 if the yield to
answer is 71.32585 (1) Calculate the Macaulay convexity of a ten-year 6%$1,000 bond having annual coupons and a redemption of $1,200 if the yield to maturity is 8%. [This is the same bond considered in Problem (9.2.1).]
answer is 71.32585
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