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Determine the Macaulay duration of a $100 Face (par) value bond with - Redemption value = $110 6% nominal annual coupon paid twice annually

Determine the Macaulay duration of a $100 Face (par) value bond with - Redemption value = $110 6% nominal annual coupon paid twice annually The next coupon is 6 months away and the remaining term to maturity is 10 years 6% market yield compounded semi-annually -

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SOLUTION Macaulay duration is a measure of the effective maturity of a bond taking into account both ... blur-text-image

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