Calculate the duration of the bond

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Question - Company A issued a one year, $100,000 bond and the bond has a coupon rate of 5%. The bond requires payment of accrued interest and one half of the principal at the end of six months. The remaining principal and accrued interest are due at the end of the year. Calculate the duration of the bond, if the required yield is 25%.

Reference no: EM132737763

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