Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

please help!!!! Calculate the duration (Macaulay) of a 2 -year bond that pays 7% coupon annually, has a YTM of 9% and a face value

please help!!!! image text in transcribed

Calculate the duration (Macaulay) of a 2 -year bond that pays 7% coupon annually, has a YTM of 9% and a face value of 51.000 Round your fruil anwwer to tao decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Finance With Excel

Authors: Simon Benninga

2nd Edition

0199755477, 9780199755479

More Books

Students also viewed these Finance questions

Question

★★★★★

Consider the following constrained optimization problem: Maximize f(x) = 6x + 3x2 2x3, Subject to x 0.

Answered: 1 week ago

Question

★★★★★

Pat earns $575 per week at her new job. Express her annual salary using the K abbreviation found in classified ads?

Answered: 1 week ago

Question

★★★★★

Let us assume that you, during a summer job, consider starting a summer business with the value proposition: fresh-pressed organic orange juice on the go 24/7. The pop-up shop will be located in a...

Answered: 1 week ago

Question

★★★★★

MicroSorts XSORT gender-selection technique is designed to increase the likelihood that a baby will be a girl. In updated results (as of this writing) of the XSORT gender-selection technique, 945...

Answered: 1 week ago

Question

★★★★★

please help!!!! Calculate the duration (Macaulay) of a 2 -year bond that pays 7% coupon annually, has a YTM of 9% and a face value of 51.000 Round your fruil anwwer to tao decimal places

Answered: 1 week ago

Question

★★★★★

Cames Cosmetics Co. just paid a $1.00 dividend. This dividend is expected to grow at 30% for the next 4 years, then grow forever at a constant rate of 6%. The required rate of return on this stock is...

Answered: 1 week ago

Question

★★★★★

4. 4.1. A firm manufactures self-assembling furniture for iFurniture. The manufacturer aims to reduce the cost of returned orders (i.e., the external cost of quality) through better quality...

Answered: 1 week ago

Question

★★★★★

Epicenter Laundry UNADJUSTED TRIAL BALANCE June 30, 20Y6 ACCOUNT TITLE DEBIT CREDIT Cash 11,000.00 2 Laundry Supplies 26,500.00 3 Prepaid Insurance 9,600.00 Laundry Equipment 232,600.00 5 Accumulated...

Answered: 1 week ago

Question

★★★★★

1. A random draw lottery has sold $52 000 000 worth of tickets, with each ticket sold for $5.00. The prizes and their frequencies are shown in the following table. a) Copy and complete this table...

Answered: 1 week ago

Question

★★★★★

A rectangular raft of thickness 43 cm and mass 114 kg floats in water. The submerged depth is 21 cm. How much mass do you need to remove from the raft to have a submerged depth of 15 cm? Give your...

Answered: 1 week ago

Question

★★★★★

Deluxe Limited undertook a contract for Rs 5,00,000 on 1st July 1997. On 30th June 1998 when the accounts were closed, the following details about the contract were gathered: Rs Rs Materials...

Answered: 1 week ago

Previous Question Next Question