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You are consideringa bond with one year to maturity paying 10h% coupon ($50 coupon semiannually).The bond will pay two more CF's:one coupon 6 months from

You are consideringa bond with one year to maturity paying 10h% coupon ($50 coupon semiannually).The bond will pay two more CF's:one coupon 6 months from now and then the final coupon plus 1000 par one year from now.

Assume the yield to maturity of this bond is 12%.Use the average timemethod to calculate the Maculay Duration (average time to receive CF).Can use Excel.

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