Question: A bond has a Macaulay duration equal to 1 0 . 5 1 0 . 5 and a yield to maturity of 8 . 5

A bond has a Macaulay duration equal to
10.510.5
and a yield to maturity of
8.58.5%.
What is the modified duration of this bond?
Question content area bottom
Part 1
The modified duration of this bond is
enter your response here.
(Round to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!