Question 1c
Marking Guide
| calculation of annual annuity amount | 1 |
| calculation of macaulay duration | 2 |
| calculation of modified duration | 1 |
| explanation | 3 |
| 7 |
| calculation of annual annuity amount | 1 |
| calculation of macaulay duration | 2 |
| calculation of modified duration | 1 |
| explanation | 3 |
| 7 |