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c) UmuofiaKwenuLtd's bonds have a time to maturity of 3 years and a face value of bond pays semi-annual coupon at the rate of 8%

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c) UmuofiaKwenuLtd's bonds have a time to maturity of 3 years and a face value of bond pays semi-annual coupon at the rate of 8% per annum. The prevailing mark Compute the value of the bond and Macaulay duration of the bond. 1 c) UmuofiaKwenuLtds bonds have a time to maturity of 3 years and a face value of Ksh 1000. The bond pays semi-annual coupon at the rate of 8% per annum. The prevailing market rate is 10%. Compute the value of the bond and Macaulay duration of the bond

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