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Calculate the Macaulay duration for a 5-year $1,000 par value bond, with a 6% coupon and a yield to maturity of 8%. Interest is paid

Calculate the Macaulay duration for a 5-year $1,000 par value bond, with a 6% coupon and a yield to maturity of 8%. Interest is paid annually.

a.
4.64 years

b.
4.25 years

c.
4.44 years

d.
4.56 years

e.
None of the above

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	a.	4.64 years
	b.	4.25 years
	c.	4.44 years
	d.	4.56 years
	e.	None of the above

Question

Calculate the Macaulay duration for a 5-year $1,000 par value bond, with a 6% coupon and a yield to maturity of 8%. Interest is paid

Calculate the Macaulay duration for a 5-year $1,000 par value bond, with a 6% coupon and a yield to maturity of 8%. Interest is paid annually. a. 4.64 years b. 4.25 years c. 4.44 years d. 4.56 years e. None of the above

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Calculate the Macaulay duration for a 5-year $1,000 par value bond, with a 6% coupon and a yield to maturity of 8%. Interest is paid annually.

a.
4.64 years

b.
4.25 years

c.
4.44 years

d.
4.56 years

e.
None of the above