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  3. 1 b. a 5-year bond has face value $1,000 (paid at

1 b. A 5-year bond has face value $1,000 (paid at maturity) and annual coupon...

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Finance

1 b. A 5-year bond has face value $1,000 (paid at maturity) and annual coupon rate 5% (paid in arrears at the end of the year). The yield-to-maturity is 5.3%. What is the duration and convexity of the bond?

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