G Problem 54.9 1 A bond will pay a coupon of 100 at the end of each of the next three years and will pay the face value of 1000 at the end of the three-year period. The bond's duration (Macaulay duration) when valued using an annual effective interest rate of 20% is X. Calculate X.

2.7011

[Find the solution in the attachment]

nswer: a   y-axis

step-by-step explanation:

answer: the proof is mentioned below.

step-by-step explanation:

since, given:   lines bc = ef

prove:   lines ac > ef

          statements                                           reason

1. bc=ef                                           1. given

2. ac= ab+bc                                 2. because b is the point between the  

                                                            line segment ac

3.   ac > bc                                       3. because if a line segment is equal to

                                                          the sum of two line segments then it is

                                                          always greater then each of these

                                                          individual line segments

4. ac > ef                                         4. by equality property.