Question
Consider following characteristic of a bond Time to Maturity: 5 years Coupon Payment: Semi-annual Coupon Rate: 6.2% Par Value: $1,000 YTM (in annual): 3.5% What
Consider following characteristic of a bond
| Time to Maturity: | 5 years |
| Coupon Payment: | Semi-annual |
| Coupon Rate: | 6.2% |
| Par Value: | $1,000 |
| YTM (in annual): | 3.5% |
What the Macaulays duration and modified duration for 1% yield change for this bond given the information?
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Finance Plain And Simple
Authors: Sebastian Nokes
1st Edition
0273731297, 978-0273731290
