Calculating Duration of a Bond - Calculator Mode Set up

milenaj

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Dec 24, 2015
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Hi, my calculator seems to be showing wrong answers for the following formulas:

  • 0.25 x 0.02027 = 5.05 whereas it should be 0.00505
  • 0.5 x 0.0197 = 9.85 and it should be here 0.00985

I am revising for an exam and it would appear two settings are messed up, decimals and the figures are shorter than should be.
 

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