Question: PLEASE SHOW SOLUTION & Answer. Thank you! Consider a three-year 10% coupon bond with a face value of $100. Suppose that the yield on the

PLEASE SHOW SOLUTION & Answer. Thank you!

Consider a three-year 10% coupon bond with a face value of $100. Suppose that the yield on the bond is 12% Coupon payment of $5 are made every six months. Please calculate the duration of this bond

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