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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

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Your colleague is constructing a table to calculate the duration of 5 yearannualcoupon paying bonds issued by American Expresso at an effective annual yield of5% pa. The bonds have a face value of $105,000 and an effective annual coupon rate of15% 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.

Complete the table for your colleague. Give your answers to 4 decimal places.

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