Question
Assume that there is a bond that pays $50.00 at the end of year 1 and $110.00 at the end of year 6. It sells
Assume that there is a bond that pays $50.00 at the end of year 1 and $110.00 at the end of year 6. It sells at a total =$(50.00+110.00). The Macauley duration of the bond is? Answer with two digits decimal accuracy.
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
