Question: Assume that there is a bond that pays $ 2 5 . 0 0 at the and of year 3 , and $ 1 3
Assume that there is a bond that pays $ at the and of year and $ at the end of year It sells at a total $ The Macauley duration of the bond is Answer with two digits decimal accuracy.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
