Question
You use bond duration to predict bond price changes. A bond you are analyzing makes semiannual coupon payments and currently yields 3.3%. According to the
You use bond duration to predict bond price changes. A bond you are analyzing makes semiannual coupon payments and currently yields 3.3%. According to the duration measure, the expected bond price change is an increase of 2.9103% for a decrease of 1.28% in the yield. What is the bond's Macaulay duration?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
