The 4-year bond with an annual coupon rate of 5% has a face value of $1000 and

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The 4-year bond with an annual coupon rate of 5% has a face value of $1000 and is trading at $930. What is MacD and ModD if the current market interest rate is 8%?

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: May 24, 2023 02:45 AM

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The 4-year bond with an annual coupon rate of 5% has a face value of $1000 and

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To calculate the Macaulay Duration MacD and Modified Duration ModD we need to consider the bonds cas... View the full answer

Fundamentals Of Corporate Finance

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