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A bond has a Macaulay duration of 5.5, a yield to maturity of 6.2%, a coupon rate of 6.5%, and semiannual interest payments. What is the bond's modified duration? Multiple Choice ………… 4.92 years 5.46 years 4.29 years 4.39 years 5.33 years

A bond has a Macaulay duration of 5.5, a yield to maturity of 6.2%, a coupon rate of 6.5%, and semiannual interest payments. What is the bond's modified duration? Multiple Choice ………… 4.92 years 5.46 years 4.29 years 4.39 years 5.33 years

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A bond has a Macaulay duration of 5.5, a yield to maturity of 6.2%, a coupon rate of 6.5%, and semiannual interest payments. What is the bond's modified duration? Multiple Choice O O 4.92 years 5.46 years 4.29 years 4.39 years 5.33 years
Transcribed Image Text:A bond has a Macaulay duration of 5.5, a yield to maturity of 6.2%, a coupon rate of 6.5%, and semiannual interest payments. What is the bond's modified duration? Multiple Choice O O 4.92 years 5.46 years 4.29 years 4.39 years 5.33 years
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