Question: A n - year bond and a 2 n - year bond, both paying coupons annually, have the same annual yield to maturity, . It

A n-year bond and a 2n-year bond, both paying coupons annually, have the same annual yield to
maturity, . It is also given that the coupon rate is equal to the yield rate. If the Macaulay duration of
the n-year bond is k times the Macaulay duration of the 2n-year bond for some kin(12,1). Express in
terms of k and n.
A n-year bond and a 2n-year bond, both paying coupons annually,

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