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Bpringle2000 Bpringle2000
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3 years ago
A $1,000 par value, 7% annual coupon bond matures in 4 years. The bond is currently priced at $1,034.65 and has a YTM of 6.0%. and has a Macaulay duration of 3.61 years.  What is the modified duration?

▸ 3.63 years

▸ 3.41 years

▸ 3.18 years

▸ 4.04 years
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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choroni64choroni64
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3 years ago
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Anonymous
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#2
A year ago
Help! The answer is missing an explanation...
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#3
A year ago
Does that help?
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