Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. advance math
  3. a bond will pay a coupon of $100 at the end of eac

A bond will pay a coupon of $100 at the end of each of the...

60.1K

Verified Solution

Question

Advance Math

A bond will pay a coupon of $100 at the end of each of the next3 years and will pay the $1,000 face value at the end of the 3-yearperiod.

What is the bond's (Macaulay) duration when valued using anannual effective interest rate of 20%?

Answer & Explanation Solved by verified expert
4.1 Ratings (689 Votes)
To solve    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

8 If DE 16x 3 EF 9x 11 and DF 52 find HG E H...

Geometry
Q

Consider the following diagrams Figures may not be drawn to scale Region A Region B...

Geometry
Q

Explain where the energy for each step comes from and what other proteins are involved. can u...

Biology
Q

Given the following frequency distribution, the distribution is: Value Frequency 1 1 2 2 3 3 15 10 16 15 17 20 18 40 19 20 20 10 Answer: Which one it is? Normal. Positively skewed. Negatively skewed. Bimodal

Basic Math
Q

A person who states that there is absolutely no God is referred to as an...

Biology
Q

B 1 v vo 2 v v 3 v v 4 v v The armature...

Physics
Q

answers need to be in simplest radical form In 1 2 Find the sine cosine...

Geometry
Q

Let f(x) = 5x - 2 and g(x) = 2x + 2. Find the function...

Algebra
Q

1 Find the sum 2x 5x 7 3 4x 6x

Algebra
Q

In 2018, Melissa uses the single filing status, and has $54,000 of taxable income that...

Accounting
Q

What is a master budget? How is the master budget prepared and why do companies...

Accounting
Q

Self-Supporting Growth Rate Maggie's Muffins Bakery generated $4 million in sales during 2019, and its...

Finance