Question: Given a 10 percent, three-year bond with a price of $1,052.24, with a market yield 8 percent calculate its duration using the format illustrated in

Given a 10 percent, three-year bond with a price of $1,052.24, with a market yield 8 percent calculate its duration using the format illustrated in Table 18-1.

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Periods CF 05 50 1 50 15 50 2 50 25 50 3 1050 PV of CFs 4784689 45786... View full answer

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