Question: please solve without using Excel The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9%
The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9% coupon rate having a face value of 51.000. These bands are selling in the market for $1,126. Coupon payments are made annually on this bond 1. What is the yield to maturity on these bonds? 2. What is duration of these bonds
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