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(1) XYZ bank purchased a Bank of Ghana bond that pays an annual coupon of 19% in January 2010. The face value of the bond

(1) XYZ bank purchased a Bank of Ghana bond that pays an annual coupon of 19% in January 2010. The face value of the bond is GHS 5m. What is the duration of this bond if the yield to maturity on the bond is 15%? (5 Marks) (1) A. U.S. government bond with a 6 3/8% coupon that expires in December 2020. The bond was issued on January 1, 2016, and the required annual yield is 5%. The Par Value of the bond is $1,000. Coupon payments are made semi-annually (June 30 and December 31 for this bond). Find the price of the bond.

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