6. A bond has just been issued. The bond will mature in 7 years. The bond’s annual coupon rate is 8% and the face value of the bond is $1,000. The bond’s (annual) yield to maturity is 5%. a.Compute the bond’s duration if coupons are paid semi-annually: i. Using the VBA dduration function.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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6. A bond has just been issued. The bond will mature in 7 years. The bond’s annual coupon rate is 8% and the face value of the bond is $1,000. The bond’s (annual) yield to maturity is 5%.

a.Compute the bond’s duration if coupons are paid semi-annually:

i. Using the VBA dduration function.

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