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Amount: 125m Issue price: 99.731% Date of issue: 20 feb 2014 Settlement date: 20 Feb 2014 Maturity: 7 years Annual coupon: 5.5% one instalment each

Amount: 125m Issue price: 99.731% Date of issue: 20 feb 2014 Settlement date: 20 Feb 2014 Maturity: 7 years Annual coupon: 5.5% one instalment each year Normal redemption date: bonds fully redeemed on 2021

Question: a. Calculate the maturity of the bond on issue, its mod. duration and duration.

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