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Consider a bond that has a coupon rate of 5%, five years to maturity, and is...

Consider a bond that has a coupon rate of 5%, five years to maturity, and is currently priced to yeild 6%.Calculate the following:

a)Macaulay duration

b) Modified duration

c)Effective duration

d)Percentage change in price for a 1% increase in the yield to maturity

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THE FORMULA USED ARE GIVEN IN THE SHEET BELOW:

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