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On January 23rd 2007, the market price of a bond is $112.23. The bond pays $6 of interest on March 1 and September 1 of

On January 23rd 2007, the market price of a bond is $112.23. The bond pays $6 of interest on March 1 and September 1 of each of the years 2007 2013. On September 1, 2013 the bond is redeemed at its face value of $100. Calculate the yield to maturity of the bond and the duration of the bond. Use the Yield function. Using Excel

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