In spring of 2021, France issued a 50-year bond which was priced at par to yield 0.5930%. Issuing very long-dated is quite the rage; England and other countries also do this. 1. Why would people want to buy such long dated claims? 2. How long-dated are these bonds in reality (i.e., what is the duration)? What is the DV01 and Macaulay duration of this bond? As in class, assume there are semi-annual coupons. Please describe how you obtained the number. If youd like, include some representative (not all) cells from your excel spreadsheet (cut and paste) so that we know how you calculated this number. 3. Assume the yield increases to 2%. What is the loss from issue price? What is the Macaulay duration and DV01 at this new yield?