Question
Calculate the modified duration of a bond that has a Macaulay duration of 7.68 and the bond pays interest semi-annually with a coupon rate of
Calculate the modified duration of a bond that has a Macaulay duration of 7.68 and the bond pays interest semi-annually with a coupon rate of 6 percent and a required rate of return of 8 percent. Please show your work.
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
