Using the yield curve in questions 1, compute the dollar duration for the following securities: (a) Long a 5-year coupon bond paying 4% semiannually (b) Short a 7-year zero-coupon bond (c) Long a 3 1/2-year coupon bond paying 7% quarterly

Maturity Yield Maturity Yield Maturity Yield 0.25 0.50 5.25 5.50 5.75 0.75 1.00 6.00 1.25 6.33% 6.49% 6.62% 6.71% 6.79% 6.84% 6.87% 6.88% 6.89% 6.88% 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 1.50 6.86% 6.83% 6.80% 6.76% 6.72% 6.67% 6.62% 6.57% 6.51% 6.45% 6.25 6.50 6.75 7.00 6.39% 6.31% 6.24% 6.15% 6.05% 5.94% 5.81% 5.67% 5.50% 5.31% 1.75 2.00 2.25 2.50 7.25 5.00 7.50 Notes: Yields are calculated based on data from CRSP (Daily Treasuries). Maturity Yield Maturity Yield Maturity Yield 0.25 0.50 5.25 5.50 5.75 0.75 1.00 6.00 1.25 6.33% 6.49% 6.62% 6.71% 6.79% 6.84% 6.87% 6.88% 6.89% 6.88% 2.75 3.00 3.25 3.50 3.75 4.00 4.25 4.50 4.75 1.50 6.86% 6.83% 6.80% 6.76% 6.72% 6.67% 6.62% 6.57% 6.51% 6.45% 6.25 6.50 6.75 7.00 6.39% 6.31% 6.24% 6.15% 6.05% 5.94% 5.81% 5.67% 5.50% 5.31% 1.75 2.00 2.25 2.50 7.25 5.00 7.50 Notes: Yields are calculated based on data from CRSP (Daily Treasuries)