Please correct answer and don't use hand raiting The Macaulay's duration of a 10-year, 10% bond with a face value of $1,000 and a market rateof 8%, compounded annually is:a. 10 yearsb. 11 yearsc. 12 yearsd. None of the above

To calculate Macaulay's duration precisely for a bond, we would need to consider the cash flows,…

Answered: The Macaulay's duration of a 10-year,…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 13Q: A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market...

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The Macaulay's duration of a 10-year, 10% bond with a face value of $1,000 and a market rate of 8%, compounded annually is: a. 10 years b. 11 years c. 12 years d. None of the above