Calculate the macaulay duration modified duration and


You are given the following information about a bond:

(1) The term-to-maturity is two years.

(2) The bond has a 9% annual coupon rate, compounded semiannually

(3) The yield-to-maturity is 8%, compounded semiannually

(4) The par value is $100

Calculate the Macaulay duration, modified duration, and convexity of the bond.

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Financial Management: Calculate the macaulay duration modified duration and
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