Citibank has an inventory of bbb-rated five-year 8 coupon, Finance Basics

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Citibank has an inventory of bbb-rated five-year 8 coupon

Citibank has an inventory of BBB-rated five-year 8% coupon bonds, paying semiannually, with a total face value of $196 million. The current market interest rate is 10% per annum.

Calculate the modified duration of these bonds?----------------------

Dear tutor please clarify whether this Duration that need in order to find Modified Duration should calculate based on cash flow or not need it?

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Finance Basics: Citibank has an inventory of bbb-rated five-year 8 coupon

Reference No:- TGS01147013

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Finance Basics: Citibank has an inventory of bbb-rated five-year 8 coupon

Reference No:- TGS01147013

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