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Solve through excel . Eurobonds pay coupons annually. Suppose the annual coupon is 8%, the face value of the six years bond is $1,000, and

Solve through excel .

Eurobonds pay coupons annually. Suppose the annual coupon is 8%, the face value of the six years bond is $1,000, and the current yield to maturity (R) is also 8%. What is the duration of the bond?

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SOLUTION To calculate the duration of the bond we can use the following formula Duration C11R 1 C21R... blur-text-image

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