Question
Consider the following three bonds: Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon
Consider the following three bonds:
Consider a bond with the following features and a hypothetical settlement date of 10 October 2019.
You want to calculate the bonds Macauley duration using the following table:
What is the value of X in this table (e.g., the value for 'Time x Weight' in row 2)? Round your answer to three decimal places. | |||||||||||||||||||||||||||||||||||||||
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