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Calculate the Macaulay duration of the bond

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Reference no: EM132606146

Question - Consider a bond with time to maturity of 15 years under a face value of 1000 US dollars. The bond pays semiannual coupon at the rate of 8% per annum. The yield in the market is 10%.

Required -

i. Calculate the present value of the bond.

ii. Calculate the Macaulay duration of the bond.

Reference no: EM132606146

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