Could you show me how to calculate the Macaulay duration, the modified duration, and the convexity meaure? thanks
A debt obligation offers the following payments ( think as a band with annual unevenPayments !`YEARSPayments ( 4){ZUErZU120ASSUME that the current Y’TM is 15%’6 (annual) . Calculate the Macaulay duration , themodified duration , and the convexity’ measure of this debt obligation.