Question
JP Morgans Core Bond Fund holds a bond with 5% annual coupon payment and has 3 years left to mature. The bond has a yield
JP Morgan’s Core Bond Fund holds a bond with 5% annual coupon payment and has 3 years left to mature. The bond has a yield to maturity of 7.5% and is currently priced at 93.5 per 100 of par. What is the bond’s Macaulay duration?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
