Par value = 1000; Maturity 4 years; Market rate if interest (yield to Maturity) = 11% per
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Question:
Par value = 1000; Maturity 4 years; Market rate if interest (yield to Maturity) = 11% per annum; Coupon rate = 8% per year paid semiannually.
a.Find the Duration, modified duration, and Convexity of the bond.
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