A bond with a coupon rate of 8 percent sells at a yield to maturity of 7

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Question:

A bond with a coupon rate of

8

percent sells at a yield to maturity of

7

percent. If the bond matures in

10

years, what is the Macaulay duration?

Do not round intermediate calculations. Round your answer to

3

decimal places.

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Mar 19, 2024 07:20 AM

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A bond with a coupon rate of 8 percent sells at a yield to maturity of 7

Question:

Expert Answer:

To calculate the Macaulay Duration of the bond we need to follow these steps 1 Calculate the present ... View the full answer

Fundamentals of Investments Valuation and Management

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