Assume the bond in the previous problem has a yield to maturity of 7 percent. What is

Question:

Assume the bond in the previous problem has a yield to of 7 percent. What is the Macaulay duration now? What does this tell you about the relationship between duration and yield to Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...