A bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. If the bond matures in 11 years, what
Posted: Sun May 29, 2022 6:00 pm
A bond with a coupon rate of 8 percent sells at a yield to maturity of 9 percent. If the bond matures in 11 years, what is the Macaulay duration? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Macaulay duration Years