Calculate the Macaulay Duration of a $1,000, Level-Coupon, 8% Bond

question 23

Multiple Choice

Calculate the Macaulay duration of a $1,000, level-coupon, 8% bond that matures in three years . The bond makes annual interest payments and repays its principal at the end of the
Third year, and the yield curve is a flat 10%.

• A)2.81 years
• B)0.59 years
• C)2.78 years
• D)3.41 years

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Social Support

A network of family, friends, and peers that offers emotional, informational, and practical assistance.

Sudden Infant Death Syndrome

The unexplained death, usually during sleep, of a seemingly healthy baby less than a year old, often referred to as "cot death" or "crib death."

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