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? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Answer is complete but not entirely correct. Macaulay Duration 5.371 Years Modified 5.170 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? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. Answer is complete but not entirely correct. Macaulay Duration 5.371 Years Modified 5.170 Years
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6DTM
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