Question: Please show work in excel with formulas Problem 6 A bond sells at par and pays an annual coupon of 5% (assume annual payments). Calculate

Please show work in excel with formulas Problem 6 A bond

Please show work in excel with formulas

Problem 6 A bond sells at par and pays an annual coupon of 5% (assume annual payments). Calculate the duration of this bond at various maturities including 1, 2, 3, 4, 5, 10, 20, 50, and 100 years. Plot a graph showing how the duration changes as maturity changes. Explain why the graph is shaped the way it is. Be careful to draw to scale

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