Determine the Macaulay duration and convexity of a 3-year 5% $2,000 bond having annual coupons and...

Determine the Macaulay duration and convexity of a 3-year 5% $2,000 bond having annual coupons and a redemption value of $2,200 if the yield to maturity is 6%.

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Expert Solution

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

jeff jeffy answered 1 year ago

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