A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in

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A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in 4 years, and the annual market interest is 3%. What is the Macaulay duration?

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Introduction to Corporate Finance What Companies Do

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Posted Date: Apr 20, 2024 06:02 AM

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A $1,000 face value bond has a 12.0% coupon and pays interest annually. The bond matures in

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The Macaulay duration of a bond measures the weighted average time until each cash flow is received considering the present value of each cash flow It ... View the full answer

Introduction to Corporate Finance What Companies Do

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