On January 1 , 2 0 1 4 , Tong purchased a ten - year bond bought
Fantastic news! We've Found the answer you've been seeking!
Question:
On January Tong purchased a tenyear bond bought at par. The bond pays semiannual coupons. Because Tong is an actuary, he enjoys calculating duration as a hobby. Tong calculated the Macaulay duration of the bond as years on January after receiving the coupon on January
Calculate the Macaulay duration in years of the bond on January right before receiving the coupon.
A
B
C
D
E
Posted Date: