What is the macaulay duration of bond

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Assume a 2-year Euro-note, with a $100,000 face value, a coupon rate of 10% and a convexity of 4.53. If today's YTM is 11.5% and term structure is ?at. Coupon frequency is semi-annual and compounding frequency are assumed to be quarterly.

1. What is the Macaulay duration of this bond?

3. What is the exact price change in dollars if interest rates increase by 10 basis points (a uniform shift)?

Reference no: EM132558445

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