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Use the following information for Questions 8 - 1 0 below. Consider a bond with the following features and a hypothetical settlement date of 1
Use the following information for Questions below.
Consider a bond with the following features and a hypothetical settlement date of October
Annual Coupon
Coupon Payment Frequency: Semiannual
Interest Payment Dates: December and June
Maturity Date: December
DayCount Convention:
Annual YieldtoMaturity:
You want to calculate the bond's Macauley duration using the following table:
What is the value of in this table? Round your answer to three decimal places.
What is the Macaulay Duration of this bond? Round your answer to three decimal places and do not forget to annualize your measure.
What is the modified duration of this bond? Round your answer to three decimal places and do not forget to annualize your measure.
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