Question
What is the Macaulay duration of a 8.6 percent coupon bond with twelve years to maturity and a current price of $1,043.70? What is the
What is the Macaulay duration of a 8.6 percent coupon bond with twelve years to maturity and a current price of $1,043.70? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
