Question
What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $1,027.60? What is the
What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $1,027.60? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration Macaulay Years Modified Years
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Overcoming Debt Achieving Financial Freedom
Authors: Cindy Zuniga-Sanchez
1st Edition
1119902320, 978-1119902324
