Which has a longer macaulayrsquos duration a 1 million face, Financial Management

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Which has a longer macaulayrsquos duration a 1 million face

Which has a longer Macaulay’s duration: a $1 million face value zero coupon bond with a two-year maturity and a yield of 6 percent, or a $1 million face value coupon bond with a two-year maturity that pays 6 percent coupon interest? Explain your reasoning.

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Financial Management: Which has a longer macaulayrsquos duration a 1 million face

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Financial Management: Which has a longer macaulayrsquos duration a 1 million face

Reference No:- TGS01398771

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