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You are given the following information about a bond: (1) The term-to-maturity is two years. (2) The bond has a 9% annual coupon rate, compounded
You are given the following information about a bond:
(1) The term-to-maturity is two years.
(2) The bond has a 9% annual coupon rate, compounded semiannually
(3) The yield-to-maturity is 8%, compounded semiannually
(4) The par value is $100
Calculate the Macaulay duration, modified duration, and convexity of the bond.
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