Suppose a Two-Year 9% P $1.876$ Years:
B) $1.890$

question 24

Multiple Choice

Suppose a two-year 9% p.a.bond with a face value of $100 000 has a yield of 8% p.a.What is the Macaulay duration measure of this bond?

• A) \( 1.876 \) years:
• B) \( 1.890 \) years
• C) \( 2.017 \) years:
• D) \( 2.401 \) years

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