Question
What is the Macaulay duration of a 7.4 percent coupon bond with six years to maturity and a current price of $1,029.90? What is the
What is the Macaulay duration of a 7.4 percent coupon bond with six years to maturity and a current price of $1,029.90? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
| Duration | |
| Macaulay | Years |
| Modified | Years |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
3rd Edition
0123865492, 9780123865496
