ListenAssume that there is a bond that pays $20.00 at the and of year 2, and $105.00 atthe end of year 7. It sells at a total =$(20.00+105.00). The Macauley duration of thebond is? Answer with two digits decimal accuracy.Blank Excel WorksheetYour Answer

The Macaulay duration provides an estimate of how long it will take to recoup the investment in a…

Answered: Assume that there is a bond that pays…

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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Assume that there is a bond that pays $20.00 at the and of year 2, and $105.00 at the end of year 7. It sells at a total =$(20.00+105.00). The Macauley duration of the bond is? Answer with two digits decimal accuracy.