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no excel plz Problem 5. There are three $1000 par-value bonds in a portfolio. The first bond is a two-year 4% bond with annual coupons;

no excel plz
Problem 5. There are three $1000 par-value bonds in a portfolio. The first bond is a two-year 4% bond with annual coupons; the second one is a three-year zero-coupon bond; the last one is a five-year 8% bond with annual coupons. Calculate the Macaulay duration of each bond and of the portfolio at annual interest rate 6%

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