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Adani Ports issued a green bond to finance one of their projects. Bonds have a maturity of five years with a face value of Rs.
Adani Ports issued a green bond to finance one of their projects. Bonds have a maturity of five years with a face value of Rs. 800 and an agreed coupon rate of 10%. Assume the interest rate (yield to maturity) is 8%. The coupon payment is made half-yearly. 1. Calculate the price of the bond. 2. Calculate the duration of the bond. 3. Calculate the modified duration of the bond. 4. If the interest rate goes to 8.20%, what is the new price of the bond? 5. If the interest rate goes down by 0.30%, what is the new price of the bond
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