Calculating the actual price of the security in the Wall ...

PAR = Par value of bond. ... 100 Maturity Value (%) Step 1: Find the value on the date of the last coupon payment (12/31/06) just after the coupon was paid. ... Method 1 for Calculating Exact Duration (recommended) Note: Since t is measured in 6-month periods, we use the semi-annual rate (equal to the YTM / 2). Method 2 for calculating exact ... ................
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