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You sold a security which requires you to pay $728.50 two years from now and $715.80 ten years from now. The yield to maturity is
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You sold a security which requires you to pay $728.50 two years from now and $715.80 ten years from now. The yield to maturity is 5%. The Macaulay duration of your liability is ___.
A. 4.8
B. 5.4
C. 5.2
D. 6.2
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Authors: John Cochrane
1st Edition
0691121370,1400829135
