A 2-year annual - coupon corporate bond has initial yield to maturity of 8%. The coupon...
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A 2-year annual - coupon corporate bond has initial yield to maturity of 8%. The coupon rate is 8%. What is the Macaulay duration of this bond? Assume a flat term structure. Answer to four decimal places. A. 1.8822 B. 1.8991 C. 1.9259 D. 1.9876 E. 2.0000 A 2-year annual - coupon corporate bond has initial yield to maturity of 8%. The coupon rate is 8%. What is the Macaulay duration of this bond? Assume a flat term structure. Answer to four decimal places. A. 1.8822 B. 1.8991 C. 1.9259 D. 1.9876 E. 2.0000
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Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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