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Calculate the duration for each of following bonds or portfolio in 1) A 14-year bond with 5% annual coupon and 4% yield to maturity. 2)

Calculate the duration for each of following bonds or portfolio in

1) A 14-year bond with 5% annual coupon and 4% yield to maturity.

2) A 30-year bond with 4% annual coupon and 4% yield to maturity.

3) A 100-year bond with 7% annual coupon and 4% yield to maturity

4) A portfolio of bond (1) and (2), with 25% invested in bond (1) and 75% in bond (2).

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