Question
The Government of Malaysia has issued bonds with the following characteristics: Type of Bond Characteristics of Bonds GO190001 An 8.00%, 4-year bond with a par
The Government of Malaysia has issued bonds with the following characteristics:
| Type of Bond | Characteristics of Bonds |
| GO190001 | An 8.00%, 4-year bond with a par value of RM1,000 and yield at 9.00% per annum. |
Calculate Macaulay Duration, modified duration and convexity using the information provided.
(25 marks)
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Financial Markets And Institutions
Authors: Jeff Madura
5th Edition
0324027443, 9780324027440
