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Blackburn Bank has invested in assets of $1 million a 30-year, 3.12 percent semiannual coupon Treasury bond selling at par. The assets are financed with
Blackburn Bank has invested in assets of $1 million a 30-year, 3.12 percent semiannual coupon Treasury bond selling at par. The assets are financed with equity and a $900,000 , two year, 2.20 percent semiannual coupon capital note selling at par. What would be the duration of this Treasury Bond?
$900,000=par value
it can be solved in excel
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