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A Treasury bond that settles on October 18, 2019, matures on March 30, 2038. The coupon rate is 6.00 percent, and the bond has a yield to maturity of 5.43 percent. What are the Macaulay duration and modified duration? (Use the duration functions in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Macaulay duration 16.6270 x Modified duration 15.7929 x

A Treasury bond that settles on October 18, 2019, matures on March 30, 2038. The coupon rate is 6.00 percent, and the bond has a yield to maturity of 5.43 percent. What are the Macaulay duration and modified duration? (Use the duration functions in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Macaulay duration 16.6270 x Modified duration 15.7929 x

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
Section: Chapter Questions
Problem 1PS
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A Treasury bond that settles on October 18, 2019, matures on March 30, 2038. The coupon rate is 6.00 percent, and the bond has a yield to maturity of 5.43 percent. What are the Macaulay duration and modified duration? (Use the duration functions in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Macaulay duration 16.6270 x Modified duration 15.7929 x
Transcribed Image Text:A Treasury bond that settles on October 18, 2019, matures on March 30, 2038. The coupon rate is 6.00 percent, and the bond has a yield to maturity of 5.43 percent. What are the Macaulay duration and modified duration? (Use the duration functions in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. Macaulay duration 16.6270 x Modified duration 15.7929 x
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