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    Duration for Bonds

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    A bondholder owns 15-year government bonds with a $1 million face value and a 6% annual coupon rate that id paid semiannually. The bonds are currently quoted at 110 per $100 par with a asked yield of 5.034%. What is the duration of the bonds?

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    https://brainmass.com/business/bond-valuation/duration-bonds-560819

    Solution Preview

    Using solver in excel, the duration was computed as the number of ...

    Solution Summary

    I did not use a formula to solve. I set this up in Excel and used the "solver" function so that it would do the math.

    $2.19