An Apple annual coupon bond has a coupon rate of 6.8%, face value of $1,000, and 4 years to maturity. If its yield to ma
Posted: Fri Jul 01, 2022 7:47 am
An Apple annual coupon bond has a coupon rate of 6.8%, facevalue of $1,000, and 4 years to maturity. If its yield to maturityis 6.8%, what is its Macaulay Duration? Answer in years, rounded tothree decimal places.