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Calculate the duration ( and price ) of a bond with the following characteristics: A semi - annual payment bond with a $ 1 ,

Calculate the duration (and price) of a bond with the following characteristics: A semi-annual payment bond with a $1,000 face value, a 4.5% coupon rate, a 7.8% YTM, and 8 years to maturity. Show your table of calculations or show Excel inputs if using the Excel commands.

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