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QUESTION

Consider a $1000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. if the YTM or the market rate is 7%, find...

Consider a $1000 face value 6% coupon bond with 3 years left to maturity that pays semi-annual interest. if the YTM or the market rate is 7%, find the following: macaulay duration, modified duration, approximate modified/ effective duration, approximate convexity. 

Please provide a detailed answer

Macaulay durationTime Cash Flow0.511.522.53 PV303030303010301180 TotalsModified Duration Modified Duration WeightTime*weight28.990.03 0.01488928.010.03 0.02877227.060.03...
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