Question: I do not want direct solutions by the duration formula. I want to use tables that explain all the solutions in detail 11. Calculate the

I do not want direct solutions by the duration formula. I want to use tables that explain all the solutions in detail

11. Calculate the duration of a five-year bond with a face value of $1,000 and a coupon rate of 8%. Assume that the current interest rates are 10%. What will your answer be if the current interest rates fall to 7% ? Show all your calculations

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