Question: Your colleague is constructing a table to calculate the duration of 5 year annual coupon paying bonds issued by American Expresso at an effective annual
Your colleague is constructing a table to calculate the duration of year annual coupon paying bonds issued by American Expresso at an effective annual yield of pa The bonds have a face value of $ and an effective annual coupon rate of pa Unfortunately your colleague is unwell and has taken the day off work. You have been asked to complete the calculations to present at a meeting.
a Complete the table for your colleague. Give your answers to decimal places.
tableCash flow,tableAmount$
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