Nikul What is the Macaulay duration of a bond with a coupon of 4.8 percent, six years to maturity, and a current price of $1,048.40? What isthe modified duration?Note: Do not round intermediate calculations. Round your answers to 3 decimal places.Answer is complete but not entirely correct.MacaulayDuration5.371 YearsModified5.170Years

YearCash flowDiscount factor @ YTM of 3.88%Present valueWeight…

Answered: What is the Macaulay duration of a bond…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 5P

See similar textbooks

Similar questions

What is the Macaulay duration of a bond with a coupon of 5.4 percent, nine years to maturity, and a current price of $1,055.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration 8.046 Years 7.082 Years
What is the Macaulay duration of a bond with a coupon of 4.8 percent, six years to maturity, and a current price of $1,048.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration Years Years
What is the Macaulay duration of a bond with a coupon of 7.8 percent, eight years to maturity, and a current price of $1,034.50? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Macaulay Modified Duration Years Years
What is the Macaulay duration of a bond with a coupon of 5.8 percent, eleven years to maturity, and a current price of $1,060.10? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)
What is the Macaulay duration of a 5 percent coupon bond with seven years to maturity and a current price of $1,050.70? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places). Stepwise pls with explanation.
Aa.57.
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com What is the Macaulay duration of a bond with a coupon of 5.4 percent, nine years to maturity, and a current price of $1,055.40? What is the modified duration? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Answer is complete but not entirely correct. Macaulay Modified Duration 7.410 x Years 7.082 Years
What is the Macaulay duration of a semi-annual bond with a coupon rate of 7 percent, five years to maturity, and a current price of $959? What is the modified duration? Duration is __. years. Modified duration is __ years.
Nikul
mni.3
What is the Macaulay duration of a 7 percent semiannual coupon bond with two years to maturity and a current price of $1,055.30? (Note: You are required to solve the problem by calculating "Years \times PV / Bond Price" for each cash flow and summing the results. YTM and PV must be calculated using a financial calculator. Round your answer to four decimal places.)
Bha

SEE MORE QUESTIONS

Recommended textbooks for you

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS