A bond has just been issued The bond will mature in 3 years and has a yield to maturity of 6 The bonds annual coupon rate is 8 and the face value of the bond is $1,000 Coupons will be paid quarterly a Compute the bonds duration using the basic duration formula, i e , the Macaulay duration formula Please use excel and show formulas

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A bond has just been issued. The bond will mature in 3 years and has a yield to maturity of 6%. The bonds annual coupon

A bond has just been issued. The bond will mature in 3 years and has a yield to maturity of 6%. The bonds annual coupon rate is 8% and the face value of the bond is $1,000. Coupons will be paid quarterly.

a.Compute the bonds duration using the basic duration formula, i.e., the Macaulay duration formula

Please use excel and show formulas

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