Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a bond currently worth $200.000 has a macaulay dur

A bond currently worth $200.000 has a Macaulay duration of 8.64 years when j4 =...

90.2K

Verified Solution

Question

Accounting

image

A bond currently worth $200.000 has a Macaulay duration of 8.64 years when j4 = 6%. If the interest rate falls to j4 = 5.5%, what is the estimated new value of the bond? (nearest $10) O A $208,150 O B. $205,980 OC. $208,510 OD $182,980

Answer & Explanation Solved by verified expert
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