Multiple Choice
an investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 8% and is currently priced at 94.845806 per 100 of par. The bond's Macaulay duration is closest to:
A) 2.62.
B) 2.78.
C) 2.83.
Correct Answer:
Verified
Correct Answer:
Verified
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