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Your colleague is constructing a table to calculate the duration of 5 year annual coupon paying bonds issued by American Expresso at an effective annual

Your colleague is constructing a table to calculate the duration of 5 yearannualcoupon paying bonds issued by American Expresso at an effective annual yield of3% pa. The bonds have a face value of $170,000 and an effective annual coupon rate of12% pa. Unfortunately your colleague is unwell and has taken the day off work. You have been asked to complete the calculations to present at a meeting.

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