Question: QUESTION 5: (a) Given the following data; calculate the value (price) of the bond using the PRICE function. (b) Calculate the duration of the bond
QUESTION 5: (a) Given the following data; calculate the value (price) of the bond using the PRICE function. (b) Calculate the duration of the bond using DURATION function. Settlement Date: 8/15/2021 Maturity Date: 8/15/2031 Coupon Rate 8% Required Rate (YTM) 9% Redemption Value $1,000 (Face Value) Frequency 2 Basis 0
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