Conclusion
Your bond has a Macaulay Duration of 7.45 years, meaning it takes roughly this long to recoup its true cost. Its Modified Duration of 7.17% indicates that if market interest rates rise by 1%, the bond's price will fall by approximately 7.17%.
Modified Duration
7.17%
If market rates rise by 1%, the bond price falls by ~7.17%.
Macaulay Duration
7.45 Yrs
Coupon Type
Coupon Paying