What is modified duration

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Reference no: EM131610683

What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $937.80? What is the modified duration? (Round your answer to 3 decimal places.)

Duration

Macaulay _______ Years

Modified ________ Years

Reference no: EM131610683

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What is modified duration : What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $937.80? What is the modified duration?

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