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Consider the following table you would complete to calculate the Macaulay duration of the bond above: Time Cash PV Weight to Flow of Weight *

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Consider the following table you would complete to calculate the Macaulay duration of the bond above: Time Cash PV Weight to Flow of Weight * Time Receipt CF Y -... ...... * What is the value of "X" in the first row of the table? HINT: You do not need to complete the entire table. You already have calculated the sum of the present values of the cash flows by getting the full price for this bond in one of the questions above. O 0.17 O 0.009 O 0.04 @ 0.01 Consider the following table you would complete to calculate the Macaulay duration of the bond above: Time Cash PV Weight to Flow of Weight * Time Receipt CF Y -... ...... * What is the value of "X" in the first row of the table? HINT: You do not need to complete the entire table. You already have calculated the sum of the present values of the cash flows by getting the full price for this bond in one of the questions above. O 0.17 O 0.009 O 0.04 @ 0.01

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