Compute the duration for the data in problem 1. Use an approach similar to that in Table

Question:

Compute the duration for the data in problem 1. Use an approach similar to that in Table 18–2 on page 469. A of 13 percent should be applied. Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...