Question: 6.Please show full calculations in the table. 15 points a. Calculate the price and duration for the following bond when the going rate of interest

6.Please show full calculations in the table. 15 points a. Calculate

6.Please show full calculations in the table. 15 points a. Calculate the price and duration for the following bond when the going rate of interest is 4%. The bond offers 3.5% coupon rate, matures in 3 years and has a par value of $1,000. Show full calculations in the table below. YR PV of $1 Bond PV (Cash at 4% Year * Present Value of Cash Flow Cash Flows) Flows 1 2 3 Price = = 3 Total Duration=

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