Compute macaulay and modified durations

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Reference no: EM13874001

Compute Macaulay and modified durations for the following bonds:

a. a 5-year bond paying annual coupons of 3.322% and selling at par

b. an 8-year bond paying semi annual coupons with a coupon rate of 9% and a yield of 8%

c. a 10-year bond paying annual coupons of 5% with a price of $96 and a maturity value of $100

Reference no: EM13874001

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