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On April 18th, 2007, a 7% coupon-bond is maturin April 20th, 2014. The bond pays interest semiann on 20 April 20th and October 20th of each year. T YTM of this bond is 8.6%. Compute the Macaulay duration of this bond on March 18th, 2004. (in exc

On April 18th, 2007, a 7% coupon-bond is maturin April 20th, 2014. The bond pays interest semiann on 20 April 20th and October 20th of each year. T YTM of this bond is 8.6%. Compute the Macaulay duration of this bond on March 18th, 2004. (in exc

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
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On April 18th, 2007, a 7% coupon-bond is maturing on April 20th, 2014. The bond pays interest semiannually, on 20 April 20th and October 20th of each year. The YTM of this bond is 8.6%. Compute the Macaulay's duration of this bond on March 18th, 2004. (in excel)
Transcribed Image Text:On April 18th, 2007, a 7% coupon-bond is maturing on April 20th, 2014. The bond pays interest semiannually, on 20 April 20th and October 20th of each year. The YTM of this bond is 8.6%. Compute the Macaulay's duration of this bond on March 18th, 2004. (in excel)
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