JP Morgans Core Bond Fund holds a bond with 5% annual coupon payment and has 3 years

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JP Morgan’s Core Bond Fund holds a bond with 5% annual coupon payment and has 3 years left to mature. The bond has a yield to maturity of 7.5% and is currently priced at 93.5 per 100 of par. What is the bond’s Macaulay duration?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Feb 27, 2024 07:01 AM

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JP Morgans Core Bond Fund holds a bond with 5% annual coupon payment and has 3 years

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To calculate the Macaulay duration of a bond you can use the ... View the full answer

Fundamentals of Investing

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