1706
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100
To calculate 5c x 100, you would first convert the percentage to a decimal by dividing by 100, which gives you 0.05. Then, you would multiply 0.05 by 100, resulting in 5. Therefore, 5c x 100 equals 5.
3 years zero coupon bond. face value $100 and present market value $75. What will be its Macualay Duration and Modified Duration?
PVannuity=C*[(1-(1+i)^-n)/i] PVannuity=100*[(1-(1+.06)^-3)/.06] PVannuity=$267.30 To answer using a financial calculator enter the following: n = 3 I/Y = 6 FV = 0 PMT = -100 Compute PV