Consider a $1000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. if the YTM or the market rate is 7%, find the following: macaulayduration, modified duration, approximate modified\/ effective duration, approximate convexity.<\/p>
Please provide a detailed answer<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "B0C129WPBH", "uri": "\/textbooks\/this-side-hustle-made-me-104-in-a-week-the-ultimate-guide-to-user-testing-1st-edition-979-8388372055-354970", "name": "This Side Hustle Made Me $104 In A Week The Ultimate Guide To User Testing", "edition": "1st Edition" }, "question_posted": "2024-06-06 15:15:00", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-wall-street-journal-reports-that-the-rate-on-3year-218065", "description": "The Wall Street Journal reports that the rate on 3-year Treasury securities is 5.25 percent and the rate on 4-year Treasury securities is 5.50 percent. 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