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A bond has just been issued. The bond will mature in 12 years. The bonds annual coupon rate is 14% and the face value of

  1. A bond has just been issued. The bond will mature in 12 years. The bonds annual coupon rate is 14% and the face value of the bond is $1,000. The bonds (annual) yield to maturity is 10%.
    1. Compute the bonds duration if coupons are paid semi-annually:
      1. Using the VBA duration function.

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