Question
Consider an 8-year risk-free coupon bond with face value $100, coupon rate of 3.5% and yield-to-maturity of 3%. What is the Macaulay duration of this
Consider an 8-year risk-free coupon bond with face value $100, coupon rate of 3.5% and yield-to-maturity of 3%. What is the Macaulay duration of this bond?
Group of answer choices
5.12 years
6.98 years
7.13 years
8.11 years
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
