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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