题目
Calculate the Modified Duration of a bond with Macaulay duration of 13.083 years. Assume market interest rates are 11.5% and the coupon on the bond is paid semiannually.
选项
A.13.083
B.12.732
C.12.459
D.12.371
答案
D
解析
Answer: DD* = D/(1 y/m) = 13.083/(1 11.5%/2) = 12.371D* = D/(1 y/m) = 13.083/(1 11.5%/2) = 12.371