Question: Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest

Consider a bond with the following features and a hypothetical settlement date

of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest

Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest Payment Dates 30 December and 30 June Maturity Date 30 December 2020 Day-Count Convention 30/360 Annual Yield-to-Maturity 6% You want to calculate the bond's Macauley duration using the following table: Time to Cash Present Period Weight Receipt Flow Value Time x Weight 1 2 3 What is the value of "X" in this table (e.g., the value for 'Time x Weight' in row 2)? Round your answer to three decimal places.

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