Question
The Macaulay duration is 4.314 years for a 7% coupon bond. It pays semi-annual coupon payments. The current price of the bond is $1,025.30 with
The Macaulay duration is 4.314 years for a 7% coupon bond. It pays semi-annual coupon payments. The current price of the bond is $1,025.30 with 5 years to maturity. Find the modified duration.
|
| A. | 2.34 years |
|
| B. | 3.29 years |
|
| C. | 3.98 years |
|
| D. | 4.18 years |
|
| E. | 5.29 years |
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Risk Sharing Finance
Authors: Bakkali Mirakhor, Saad Abbas
1st Edition
3110590468, 978-3110590463
