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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

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