Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. what is the macaulay duration of a bond with a cou

What is the Macaulay duration of a bond with a coupon of 6.6 percent, seven years...

70.2K

Verified Solution

Question

Finance

What is the Macaulay duration of a bond with a coupon of 6.6percent, seven years to maturity, and a current price of $1,069.40?What is the modified duration? (Do not round intermediatecalculations. Round your answers to 3 decimal places.)

Answer & Explanation Solved by verified expert
3.9 Ratings (420 Votes)
K NBond Price Coupon1 YTMk Par value1 YTMNk1K 710694 6610001001 YTM100k 10001 YTM1007k1YTM    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

Transcribed Image Text

What is the Macaulay duration of a bond with a coupon of 6.6percent, seven years to maturity, and a current price of $1,069.40?What is the modified duration? (Do not round intermediatecalculations. Round your answers to 3 decimal places.)

Other questions asked by students

Q

Give an example of a hypothesis test problem for either a proportion or a mean and...

Statistics
Q

Problem 4: Consider the tabulated standard-form LP starting with X1 and X2 basic. Please apply the revised...

Advance Math
Q

Question 3 10 marks Barton Company requested a large loan from First National bank to acquire...

Accounting
Q

Use a calculator to find the value in decimal degrees tan 0 1051 tan 0...

Geometry
Q

Decide whether each of the pairs of angles given be side interior angles corresponding angles...

Geometry
Q

x 4x4 Which value is NOT equivalent to the others 4 4 4 4 4

Basic Math
Q

When assets are recorded at original value, they are recorded under the Net replacement cost...

Accounting
Q

Hello, I need help to solve step by step. I know the answer on the...

Accounting
Q

Purple Corp. purchased White Corp. in 2022. At the time of the purchase, White Corp....

Accounting
Q

a Show advantages and disadvantages of net profit, payback period, ROI, Net Present Value for...

Accounting
Q

In traditional portfolio theory, there are three levels to diversifying. Which of the following is...

Finance
Q

Assume the following information for ABC stock: Beta = 1.8 Risk-free rate of return =...

Finance