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Calculate the Macaulay convexity of a ten-year 5% $1,000 bond having annual coupons and a...

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Calculate the Macaulay convexity of a ten-year 5% $1,000 bond having annual coupons and a redemption of $1,500 if the yield to maturity is 9%. (Round your answer to three decimal places.) Calculate the Macaulay convexity of a ten-year 5% $1,000 bond having annual coupons and a redemption of $1,500 if the yield to maturity is 9%. (Round your answer to three decimal places.)

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