Consider an annual coupon bond with a coupon rate of 8.6%, face value of $1,000, and 2 years to maturity. If its yield t
Posted: Fri Jul 01, 2022 7:47 am
Consider an annual coupon bond with a coupon rate of 8.6%, facevalue of $1,000, and 2 years to maturity. If its yield to maturityis 2.7%, what is its Macaulay Duration? Answer in years, rounded tothree decimal places.