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Please show working. Thank You. Bond A is a 4% coupon (paid semi-annually) with 5 years to maturity and $100 face value per contract. The
Please show working. Thank You.
Bond A is a 4% coupon (paid semi-annually) with 5 years to maturity and $100 face value per contract. The yield curve is flat at 6% per annum. (1) Compute the current bond price. (ii) Compute the bond's Macaulay Duration. (iii) Compute the bond's Modified DurationStep by Step Solution
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