Question
The following table gives yields and Macaulay durations for three 15-year bonds. The three coupon rates are 0%, 3.5%, and 7%. Which bond has 7%
The following table gives yields and Macaulay durations for three 15-year bonds. The three coupon rates are 0%, 3.5%, and 7%. Which bond has 7% coupon rate?
| Bond | Yield | Macaulay Duration |
| A | 3.50% | 11.80 |
| B | 3.50% | 15.00 |
| C | 3.50% | 10.44 |
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Advanced Financial Risk Management Enterprise Wide Risk Management In Theory And Practice
Authors: Donald Van Deventer, Kenji Imai, Mark Mesler
3rd Edition
1547416157, 9781547416158
