Assume that you are dealing with a 6-year bond with face value $100 paying a coupon of 10.00% in semi-annual installments. The annualized discount rate is given as 10.25%.

Q1:Compute the corresponding semi-annual and continuous discount rates

Q2:Use a table like the one we discussed in class to compute the price of the bond and its Macaulay duration. You should realize that it does not matter which rate you use to discount as long as you use each method properly. The table will always give you the Macaulay duration.

为什么答案是 ys = 10.00% and yc = 9.76%.？ Bond price is $100.000; MacD = 4.653.?  求解答过程