Question
You own a corporate bond that carries a 5.8 percent coupon rate and pays $10000 at maturity in exactly 2 years. The current market yield on the bond is 6.1 percent. Coupon interest is paid semiannually and the market price is $9944.32. Calculate Macaulay's duration and modified duration.
Answers
abc
Related Questions
Bond valuation
Callaghan Motors’ bonds have 10 years remaining to maturity. Interest is paid annual...
XYZ bonds have a 7.60 percent coupon and pay interest annually. The face value is $1,000 and the cur...
10. Bond prices and interest rate An 8 percent coupon bond with 15 years to maturity is priced to o...