An investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity (YTM) of 8% and par value of 1,000 of par. What is the bond Macaulay duration & modified duration (show your calculation below)
Consider a 5% semiannual coupon payment government bond that matures on 15 February 2028. Accrued interest on this bond uses the actual/actual day-count convention. The coupon payments are made on 15 February and 15 August of each year. The bond is to be priced for settlement on 14 May 2019. The annual yield-to-maturity is stated to be 4.80%. As of the beginning of the coupon period on 15 February 2019, there would be 18 evenly spaced semiannual periods until maturity. What is the bond flat price per par of 100 (show your calculation below)
