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A Treasury bond has a coupon rate of 6% ...

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题目

A Treasury bond has a coupon rate of 6% per annum (the coupons are paid semiannually) and a semiannually compounded yield of 4% per annum. The bond matures in 18 months and the next coupon will be paid 6 months from now. Which number below is closest to the bond’s Macaulay duration?

选项

A.1.023 years

B.1.457 years

C.1.500 years

D.2.915 years

答案

B

解析

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