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5. A bond has just been issued. The bond will mature in 8 years and has...

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Finance

5. A bond has just been issued. The bond will mature in 8 yearsand has a yield to maturity of 10%. The bond’s annual coupon rateis 8% and the face value of the bond is $1,000. Coupons will bepaid quarterly. a. Compute the bond’s duration using the basicduration formula, i.e., the Macaulay duration formula (DO NOT useExcel’s Duration function or the VBA function dduration).

PLEASE USE EXCEL

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5. A bond has just been issued. The bond will mature in 8 yearsand has a yield to maturity of 10%. The bond’s annual coupon rateis 8% and the face value of the bond is $1,000. Coupons will bepaid quarterly. a. Compute the bond’s duration using the basicduration formula, i.e., the Macaulay duration formula (DO NOT useExcel’s Duration function or the VBA function dduration).PLEASE USE EXCEL

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