A bond with a coupon rate of 11 percent sells at a yield to maturity of 12 percent. If the bond matures in 10 years, what is the Macaulayduration?Note: Do not round intermediate calculations. Round your answer to 3 decimal places.Macaulay durationyears

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Answered: A bond with a coupon rate of 11 percent…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter29: Interest, Rent, And Profit

Section: Chapter Questions

Problem 1WNG

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Similar questions

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A bond with a coupon rate of 11 percent sells at a yield to maturity of 12 percent. If the bond matures in 10 years, what is the Macaulay duration? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. Macaulay duration years