What is the Macaulay duration of a bond with a coupon of 5.4 percent, nine years to maturity, and a current price of $1,055.40? What is the modified duration? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Answer is complete but not entirely correct. Macaulay Modified Duration 7.410 Years 7.082 Years

What Macaulay years?

60

56) Why did I get it wrong?

What is the market price of a $1,000, 5 percent bond paying a semiannual coupon if comparable market interest rates rise to 12 percent and the bond matures in 14 years? Round your answer to the nearest dollar. (Hint: Use Appendix A-2 and Appendix A-4.) Round 'Present value of a Single Amount' and 'Present value of a Series of Equal Amounts' in intermediate calculations to four decimal places.

None

Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7.9%. What is the duration if the yield to maturity is 11.9%? (Do not round intermediate calculations. Round your answers to 4 decimal places.) YTM 7.9% YTM 11.9% YTM Duration

Rolling Company bonds have a coupon rate of 5.20 percent, 20 years to maturity, and a current price of $1,146. What is the YTM? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

Find the interest payment for the following bond (par value for each is $1,000, semi-annual payments): a zero-coupon bond maturing in 10 years? (format answer as $1,234.56 there are zero cents such as $1,234.00)

An investor wants to find the duration of​ a(n) 15​-year, 6​% semiannual​ pay, noncallable bond​ that's currently priced in the market at ​$587.05​, to yield 12​%. Using a 150 basis point change in​ yield, find the effective duration of this bond ​(Hint​: use Equation​ 11.11). Question content area bottom Part 1 The new price of the bond if the market interest rate decreases by 150 basis points​ (or 1.5​%) is ​$enter your response here. ​(Round to the nearest​ cent.)