Question
What is the Macaulay Duration of a 4.4% annual coupon bond with 3 years to maturity, $1,000 face value, and yield to maturity of 4.4%?
What is the Macaulay Duration of a 4.4% annual coupon bond with 3 years to maturity, $1,000 face value, and yield to maturity of 4.4%? Round to three decimal places.
| a. 2.865 | ||
| b. 2.821 | ||
| c. 2.886 | ||
| d. 2.875 | ||
| e. 2.908 |
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Cases In Healthcare Finance
Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
