What is the Macaulay duration of a semiannual-pay 8.97 percent coupon bond with 10 years to maturity and a yield to maturity of 5.93 percent? Answer to two decimals, carry intermediate calcs. to four decimals.

What is the Macaulay duration of a semiannual-pay 8.97 percent coupon bond with 10 years to maturity and a yield to maturity of 5.93 percent? Answer to two decimals, carry intermediate calcs. to four decimals.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What is the Macaulay duration of a semiannual-pay 8.97 percent
coupon bond with 10 years to maturity and a yield to maturity of
5.93 percent? Answer to two decimals, carry intermediate calcs. to
four decimals.

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