Using an annual effective interest rate of 10 , the Macaulay Duration (in years) of a 10 year 100 par value bond with annual coupons of X is 6 96 years Calculate X Give your answer as a decimal rounded to two places (i e X XX) Using an annual effective interest rate of 10 , the Macaulay Duration (...

Heres how to calculate the coupon rate X of the bond 1 Define the formula for Macaulay Duration The ...

Using an annual effective interest rate of 10%, the Macaulay Duration (in years) of a 10-year...

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Engineering Economic Analysis

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