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Calculate the Macaulay Duration Whend ( - (476) + (1+ (1 +y) Current Bond Price time period coupon yield number of periods M maturity value

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Calculate the Macaulay Duration Whend ( - (476) + (1+ (1 +y)" Current Bond Price time period coupon yield number of periods M maturity value CF discount PV PV Period 1 2 3 Examples Price: $1000 Coupon: 4% (or $40) i-rate by 496 yrs to maturity (n): Gyrs maturity (M) $1000 4 5 6 sum 1000 current price Macaulay duration 1000

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