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Homework answers / question archive / You are given the following: The valuation date is December 31, 2017
You are given the following: The valuation date is December 31, 2017. • The bond matures on June 30, 2019. • The annual coupon rate is 7.5%. • The effective annual yield is 5.50%. Find the Macaulay duration. (Hint: The next coupon payment will be on June 30, 2018.) a) 1.41 b) 1.43 c) 1.45 d) 1.91 e) 1.93
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