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please help with number 3 Write the Excel function and arguments for DURATION of a par value 3 -year, 15% coupon bond. Discount rate is
please help with number 3 
Write the Excel function and arguments for DURATION of a par value 3 -year, 15\% coupon bond. Discount rate is 10%. a. Use the table above to estimate the actual duration. (Show your work) b. Interpret your results. What does duration tell you? i. Based on your estimated duration, what are the effect on the bond's price if interest rates go from 10% to 11%. Explain Step by Step Solution
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
