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Calculate the Macaulay duration of a 7 percent, $1,000 par bond that matures in three years if the bond's YTM is 10.5 percent and interest
Calculate the Macaulay duration of a 7 percent, $1,000 par bond that matures in three years if the bond's YTM is 10.5 percent and interest is paid semiannually. (2.5 Marks) b. Assuming the bond's YTM goes from 10.5 percent to 8.5 percent, calculate an estimate of a. Calculate this bond's modified duration. the price change
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