6. What is the duration of a two-year bond that pays an annual
coupon of 5%, returns the face value, and has a current yield to
maturity of 4.5%. Use $1000 as the face value. (show the
calculation, so i can study)
7. What is the duration of a two-year zero-coupon
(principal-only) bond that is yielding 6% and $10,000 face value?
Note: This bond does not have coupon payments but does return the
face value. (show the calculation, so i...