Suppose settlement is on a coupon payment date, so / = 0. For a 10-Year, 6% annual payment bond with face value =$100. Assume the yield-to-maturity is = 5%. So P0 = bond price (par = 100, coupon = 6%,, Mat = 10, yield = 5%).

Q. Please calculate the bond price P0, Macaulay duration, and convexity, and show steps and written explanations.