Calculate the Macaulay Duration for a 5-Year $1,000 Par Value

question 91

Multiple Choice

Calculate the Macaulay duration for a 5-year $1,000 par value bond,with a 6% coupon and a yield to maturity of 8%.Interest is paid annually.

• A) 6.44 years
• B) 5.25 years
• C) 4.44 years
• D) 2.50 years
• E) None of the above

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Definitions:

Political Theft

Acts of theft or embezzlement committed within or against a governmental or political entity, often motivated by ideological reasons or personal gain.

Deviant Motivation

The drive or desire to engage in behavior that deviates from societal norms or expectations.

Deviant Opportunity

The chance or circumstances that enable or encourage individuals to engage in non-normative or socially unacceptable behaviors.

Social Control

Mechanisms, in the form of laws, norms, and customs, used by a society to regulate individual behavior and maintain order.