Question
What is the Macaulay duration of a 6.6 percent coupon bond with seven years to maturity and a current price of $1,069.40? What is the
| What is the Macaulay duration of a 6.6 percent coupon bond with seven years to maturity and a current price of $1,069.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) |
(It is not 5.87 years Macaulay neither is it 5.83 years for modified)
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
