Question
Calculate the Macaulay duration (in years) of a 20-year 1000 par value bond which pays 2% coupons semiannually that is redeemed at par. Assume a
Calculate the Macaulay duration (in years) of a 20-year 1000 par value bond which pays 2% coupons semiannually that is redeemed at par. Assume a yield rate of 5% convertible semiannually.
(A) 15.0 (B) 15.2 (C) 15.4 (D) 15.6 (E) 15.8
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Financial Management And Policy
Authors: James C. Van Horne
11th Edition
0137512236, 9780137512232
