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Please answer this with excel steps if possible. 7. Canberra Corp. issued $1,000, 5-year, semiannual coupon bonds 1 year ago with a coupon rate of
Please answer this with excel steps if possible.
7. Canberra Corp. issued $1,000, 5-year, semiannual coupon bonds 1 year ago with a coupon rate of 4%. The bonds current market value is $942. Calculate the duration of these bonds to four decimal placesStep by Step Solution
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