You own a bond with a $20,000 face value and a 4.75% coupon with semiannual payments....

You own a bond with a $20,000 face value and a 4.75% coupon with semiannual payments. The bond matures in 18 months and the yield to maturity is 3%. What is the Macaulay duration of your bond?

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Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

jeff jeffy answered 1 year ago

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