braydonharris1657 braydonharris1657

23-01-2024
Mathematics

contestada

A $100 par value bond with 2% annual coupons and maturing at $113 in 3 years. Given an effective annual interest rate of 3%, compute the Macaulay convexity of this bond.
a) 8.66
b) 8.77
c) 8.83
d) 8.89
e) 8.95

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