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What is the duration of a two year bond with 6 percent coupon paid semi- annually...

What is the duration of a two year bond with 6 percent coupon paid semi- annually and 8 percent rate of return? Assume Face value equals $1,000. Please show every step!

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Expert Solution

Calculations-Note-

As coupon is paid half yearly ,coupon rate ,YTM and duration are divided by 2.

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