Problema bond portfolio consists of two bonds

Accounting

Problem:

A bond portfolio consists of two bonds - a $10,000 five-year zero-coupon bond, and a $2000 12% par-value two-year bond with semiannual coupons.

Required:

Question: Calculate the Macaulay duration of the portfolio assuming an annual yield rate of 11% convertible semiannually.

Note: Please show guided help with steps and answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167233

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