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Calculate the duration ofacouponbondwiththefollowingcharacteristics (Show Work); Matures in exactly 4 years fromtoday. Has a Par Value of$1,000 Coupon Rate =3.00% Interest is paid annually at
- Calculate the duration of a coupon bond with the following characteristics (Show Work);
- Matures in exactly 4 years from today.
- Has a Par Value of $1,000
- Coupon Rate = 3.00%
- Interest is paid annually at the end of each year.
- Current YTM = 2.80%
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Answer To calculate the duration of the given coupon bond we can use the Macaulay duration formula G...
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
