Question: Please do the table as well. 4. Replicate the work in Spreadsheet 11.1 (Slide 9) to find the duration of a bond that has a
Please do the table as well.
4. Replicate the work in Spreadsheet 11.1 (Slide 9) to find the duration of a bond that has a value at maturity of $1,000 and makes annual coupon payments at a rate of 10%. It matures in 3 years. Its yield to maturity is currently 8.0%. (You may copy & paste your Excel table here instead of using the table below.) Time until payment Payment Payment Weight Discounted at 8% 1 2 3 a. The duration of this bond is years. b. The modified duration of this bond is years
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