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  3. an investor buys a 3.8% annual payment bond with 8

An investor buys a 3.8% annual payment bond with 8 years to maturity. The bond is...

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Finance

  1. An investor buys a 3.8% annual payment bond with 8 years tomaturity. The bond is priced at a yield-to-maturity of 5.6%. Whatis the bond’s Macaulay duration?

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Calculation of Macaulay duration of the bondMaturityPeriod 8 yearsFacevalue assumed 1000CouponRate    See Answer
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