Question
What is the Macaulay duration of a bond that has a par value of $1,000, a coupon rate of 7.83 percent (paid annually), and that
What is the Macaulay duration of a bond that has a par value of $1,000, a coupon rate of 7.83 percent (paid annually), and that matures in 12 years? Assume a required rate of return on this bond is 11.45 percent. You should use Excel calculator
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
