Question
CALCULATE AND SHOW WORK A $1000 par value bond with 5 years to maturity and a 6% coupon has a yield to maturity of 8%.
CALCULATE AND SHOW WORK
A $1000 par value bond with 5 years to maturity and a 6% coupon has a yield to maturity of 8%. Interest is paid semiannually. Calculate the Macaulay duration for the bond.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
