Question
What is the Macaulay duration of a bond with a coupon of 6.6 percent, seven years to maturity, and a current price of $1,069.40? What
What is the Macaulay duration of a bond with a coupon of 6.6 percent, seven years to maturity, and a current price of $1,069.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
