Question: 1 . Manually compute ( you may use Excel to do the computations, just do not use the Excel s duration function ) the modified

1. Manually compute (you may use Excel to do the computations, just do not use the Excels duration function) the modified duration for the following bond:
Maturity Date: 04/20/2017
Settlement Date: 02/05/2016
Coupon Rate: 10%
Coupon Frequency: Semiannual
Yield-to-Maturity: 12%
Day Count Convention: 30/360(European)

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