A bank owns a 1-year floating rate note that makes quarterly interest payments. The rate for the

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A bank owns a 1-year floating rate note that makes quarterly interest payments. The rate for the current period just reset. The current yield is 10% and they own notes totaling $100 million par. Estimate this bond's Macaulay Duration.

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Sep 03, 2023 09:00 AM

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A bank owns a 1-year floating rate note that makes quarterly interest payments. The rate for the

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Macaulay Duration is a measure of the weighted average time until a bonds cash flows are received an... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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