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A bank has a loan as an asset

Physics

A bank has a loan as an asset. The borrower received $800 and has to repay $300 every year for three years. a. What is the Yield to Maturity for this loan? Use Excel or Wolfram Alpha to make the necessary calculations. b. Use the YTM to calculate the Present value of each payment (year 1, year 2, year 3) c. Calculate the duration of the loan. Use the example in the presentation if you are confused.

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