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2 . What is the value of a 3 0 - year semiannual coupon bond given that the coupon rate = 1 1 % ,

2. What is the value of a 30-year semiannual coupon bond given that the coupon rate =
11%, the face value = $1000, the required return =15%, and there are 15 years
remaining until maturity? (Do not use the dollar sign in your answer).
What is the duration of the bond in Problem 2, assuming a settlement date of
3/1/2018 and a maturity date of 6/1/2033? ANSWER WITH EXCEL

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