Question
What is the bond's Macaulay duration of a2.5 years, 8 percent semiannual coupon bond selling at par of $1,000?
What is the bond's Macaulay duration of a2.5 years, 8 percent semiannual coupon bond selling at par of $1,000?
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The Macaulay duration of a bond is the weighted average time until the bonds cash flows are received ...Get Instant Access to Expert-Tailored Solutions
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
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