[Ng]

But if the price of the bond is at 100, shouldn’t coupon rate = yield rate?

Further, referring to June 2014 question 1 c, the Macaulay duration is calculated discounting at the yield rate which is 2%.

Can you please explain this?

[Ng]

My apologies for not mentioning.
Chrysos Mar/June 2017
Makonis Dec 2013

Please help me solve this. I appreciate your time.

[Ng]

018-2349300

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