Question
Compute the Macaulay duration under the following conditions: A bond with a four-year term to maturity, a 9% coupon (annual payments), and a market yield
| Compute the Macaulay duration under the following conditions: A bond with a four-year term to maturity, a 9% coupon (annual payments), and a market yield of 7%. Do not round intermediate calculations. Round your answer to two decimal places. You may use Appendix C to answer the questions. Assume $1,000 par value. years A bond with a four-year term to maturity, a 9% coupon (annual payments), and a market yield of 10%. Do not round intermediate calculations. Round your answer to two decimal places. You may use Appendix C to answer the questions. Assume $1,000 par value. years
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School Finance And Business Management Optimizing Fiscal Facility And Human Resources
Authors: Craig A. Schilling, Daniel R. Tomal
2nd Edition
1475844026, 978-1475844023
