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A Treasury bond that settles on October 18, 2016, matures on March 30, 2035. The coupon...

A Treasury bond that settles on October 18, 2016, matures on March 30, 2035. The coupon rate is 5.50 percent and the bond has a yield to maturity of 4.73 percent. What are the Macaulay duration and modified duration?

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Answer:

= 12.01%/(1+0.0473/2)

= 12.01%/1.02365

=11.7325%

answered by: anonymous
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