Question: Q 4 . Consider a 5 - year bond with a face value of $ 1 , 0 0 0 , a coupon rate of

Q4. Consider a 5-year bond with a face value of $1,000, a coupon rate of 11%(annual payments) and 12% Yield to Maturity (YTM)
Calculate the bonds Macaulay duration
What is the modified duration of the bond?
Q4. Consider a 5-year bond with a face value of $1,000,

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