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
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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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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