Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Market Efficiency
Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…
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A Treasury bond that settles on October 18, 2019, matures on March 30, 2038. The coupon rate is 5.70 percent, and the bond has a yield to maturity of 5.01 percent. What are the Macaulay duration and modified duration? (Use the duration functions in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Macaulay duration 11.8100 Modified duration 11.2500
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Transcribed Image Text:A Treasury bond that settles on October 18, 2019, matures on March 30, 2038. The coupon rate is 5.70 percent, and the bond has a yield to maturity of 5.01 percent. What are the Macaulay duration and modified duration? (Use the duration functions in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Macaulay duration 11.8100 Modified duration 11.2500
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