Question
Consider a $1,000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. If the YTM or the market rate
Consider a $1,000 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:
1. Macaulay Duration
2. Modified Duration
3. Approximate Modified/Effective Duration
4. Approximate Convexity
please show calculate process, not excel
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
