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Could you please show the calculations?? You intend to purchase a 1-year, $1,000 face value bond. Coupon rate of this bond is 10%. Marke interest

image text in transcribed Could you please show the calculations??

You intend to purchase a 1-year, $1,000 face value bond. Coupon rate of this bond is 10%. Marke interest rate is 16 percent. Coupon payments are semiannual what is the duration of the bond? (Answer is rounded) Your answer: 1.93 1.95 2.13 o 1.97 1.90 Clear answer Submit

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