Question: Consider a $1,000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. If the YTM or the market rate

Consider a $1,000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. If the YTM or the market rate is 7%, find the following:

1. Macaulay Duration

2. Modified Duration

3. Approximate Modified/Effective Duration

4. Approximate Convexity

please show calculate process, not excel

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