3%: • 3-year zero-coupon bond with face value of $1,000 • 3-year coupon bond with face value of $1,000 and annual coupons paid at the end of year, currently priced at par Calculate the Macaulay duration of the bond portfolio. O 2.83 O 3.00

3%: • 3-year zero-coupon bond with face value of $1,000 • 3-year coupon bond with face value of $1,000 and annual coupons paid at the end of year, currently priced at par Calculate the Macaulay duration of the bond portfolio. O 2.83 O 3.00

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6FPE

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