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use Excel and calculate the duration of a $1,000 bond in the following problem: Settlement: 1/1/2018 Maturity: 12/31/2020 Coupon: 8.00% Yield: 7.00% Frequency: 2 Basis:

use Excel and calculate the duration of a $1,000 bond in the following problem:

Settlement: 1/1/2018

Maturity: 12/31/2020

Coupon: 8.00%

Yield: 7.00%

Frequency: 2

Basis: 1

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