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Use Excel spreadsheet. What is the duration of a five-year, $1,000 Treasury bond with a 10 percent semiannual coupon selling at par? Selling with a

Use Excel spreadsheet. What is the duration of a five-year, $1,000 Treasury bond with a 10 percent semiannual coupon selling at par?

Selling with a yield to maturity of 12 percent? 14 percent?

What can you conclude about the relationship between duration and yield to maturity?

Plot the relationship. Why does this relationship exist?

Please show excel formulas

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