A bond with 3 years maturity and face value $1000has a coupon rate of 5%. The yield
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Question:
A bond with 3 years maturity and face value $1000has a coupon rate of 5%. The yield to maturity is YTM = 10%. The cash flows are shown in the table below. Calculate the duration of the bond
year 1 cash flow 50
year 2 cash flow 50
year 3 cash flow 1050
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