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please explain the answer D E F G H - J K L Bond Duration Time until Payment Years PV of CF discount rate= 8.0%
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D E F G H - J K L Bond Duration Time until Payment Years PV of CF discount rate= 8.0% per period Column C times Column F Period Cash Flow Weight Annual Bond Coupon rate 9.0% YTM 8.0% Maturity 4 years Duration (%) Modified Duration What if it is a semi-annual bond? Calculate Duration and Modified Duration. Construct the table to show your workStep by Step Solution
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