duration

period

time till payment
1
2
3
4
5
6
7
8
9
10

cash flows
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5

35
35
35
35
35
35
35
35
35
1035

pv of cash flows (
33.02
31.15
29.39
27.72
26.15
24.67
23.28
21.96
20.72
577.94
816.00

selling Price
Duration

weights
0.040464
0.038174
0.036013
0.033975
0.032052
0.030237
0.028526
0.026911
0.025388
0.708258
0.999997

816.00
4.214235

0.020232
0.038174
0.05402
0.067949
0.080129
0.090712
0.09984
0.107644
0.114245
3.54129
4.214235

discount
price

12%
816