Calculate the Macaulay duration of a 9%, $1,000 par bond that matures in three years if the

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Calculate the Macaulay duration of a 9%, $1,000 par bond that matures in three years if the bond's YTM is 10% and interest is paid semiannually. You may use Appendix C to answer the questions.

Calculate this bond's modified duration.

Assuming the bond's YTM goes from 10% to 9.0%, calculate an estimate of the price change.

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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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Posted Date: Apr 26, 2024 09:07 AM

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Calculate the Macaulay duration of a 9%, $1,000 par bond that matures in three years if the

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Investment Analysis and Portfolio Management

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