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1.a. Calculate the price and duration for the following bond
1.a. Calculate the price and duration for the following bond when the going rate of interest is 3%. The bond offers 2.75% coupon rate, matures in 3 years and has a par value of $1,000. Show full calculations in the table below.
| YR | PV of $ 1 at 3% | Bond Cash Flows | PV (Cash Flows) | Year * Present Value of Cash Flow |
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 3 | ||||
| Total |
Price =
Duration
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1.a. Calculate the price and duration for the following bond
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