I am working on some duration functions in Excel and I notice that excel
will not compute the macaulay or modified duration if you have a number
other than 1, 2, or 4 for the amount of payments per year. I was
interested in knowing if there is a way any of you have contrived to
calculate duration for a bond, for instance, with montly payments (a
frequency of 12). Thanks.


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citizens1stbank
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