An annual coupon bond has a coupon rate of 8%, face value of $100, and 3 years to maturity. If its yield to maturity is 3.2%, what is its Macaulay Duration? Answer in years, rounded to three decimal places. Type your numeric answer and submit

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A: MS-Excel --> Formulas --> Financials --> Rate Therefore, yield to maturity is 7.12%.

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A: Par Value = 1000 Price of Bond = 105% × 1000 = 1050 Coupon = Coupon Rate / 2  × Par Value Coupon =…

Q: has a coupon rate of 8%, face value of $100, and 3 years to maturity. If its yield to maturity is…

A: Given information :

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A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

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