Question: Assuming a $1,000 par value bond with 5 years to maturity, a 9% semi-annual coupon, and an 8% yield to maturity, calculate the bond's price

Assuming a $1,000 par value bond with 5 years to maturity, a 9% semi-annual coupon, and an 8% yield to maturity, calculate the bond's price and Macaulay Duration.

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To calculate the bonds price we can use the following formula Price CFt 1 YTM22t Where CFt coupon pa... View full answer

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