There is a 9 percent coupon bond with six years to maturity


There is a 9 percent coupon bond with six years to maturity and a current price of $958.50. What is the dollar value of an 01 for the bond? (Round your answer to 3 decimal places. Omit the "$" sign in your response.)

 

You find a bond with 14 years until maturity that has a coupon rate of 8.2 percent and a yield to maturity of 9.6 percent. What is the Macaulay duration? The modified duration?

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Financial Management: There is a 9 percent coupon bond with six years to maturity
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