Question
Compute the Macaulay duration for a 5-year bond paying annual coupons of 8% and having a yield to maturity of 6.5%. a. 4.33 b. 4.69
Compute the Macaulay duration for a 5-year bond paying annual coupons of 8% and having a yield to maturity of 6.5%.
| a. | 4.33 | |
| b. | 4.69 | |
| c. | 4.60 | |
| d. | 5.00 | |
| e. | 4.07 |
please show work
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
