You find a bond with 23 years until maturity that has a coupon rate of 8 percent and a yield to maturity of 10 percent What Macaulay duration? The modified duration? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Answer is complete but not entirely correct. Duration Macaulay Modified 10.131 years 9.210 years
You find a bond with 23 years until maturity that has a coupon rate of 8 percent and a yield to maturity of 10 percent What Macaulay duration? The modified duration? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Answer is complete but not entirely correct. Duration Macaulay Modified 10.131 years 9.210 years
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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What Macaulay years?

Transcribed Image Text:You find a bond with 23 years until maturity that has a coupon rate of 8 percent and a yield to maturity of 10 percent What
Macaulay duration? The modified duration?
Note: Do not round intermediate calculations. Round your answers to 3 decimal places.
Answer is complete but not entirely correct.
Duration
Macaulay
Modified
10.131
years
9.210
years
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