问题如下:
An investor wants to buy a bond with the least Macaulay duration and he has three options:
Which one should he choose?
选项:
A.Bond A.
B.Bond B.
C.Bond C.
解释:
C is correct.
A bond with higher yield and shorter maturity would have less Macaulay duration if other things equal.
Macaulay duration的计算公式是怎样的?
我看书上定义是说:Macaulay duration is the weighted average number of coupon periods until a bond’s scheduled cash flows.
但是讲义的公式和助教的示例都是用的这个公式,这个不是一个 weighted 的感觉啊?