Question: need full answer fast ! (2) Five years ago, Weisu bought a 7-year, 12% semi-annual coupon bond, Face Value= 1000. If the yield to maturity

need full answer fast !

(2) Five years ago, Weisu bought a 7-year, 12% semi-annual coupon bond, Face Value= 1000. If the yield to maturity (compounded semi-annually) is 6%, what is the bond's duration today? Show the full calculations and explain what it tells us. (7 marks)

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