It is the weighted average term for maturity of a Bond's cash flow.
9%
8TCS2024 FV is 1000 Tenure is 10 Years
Time IMPACT on Cash Flow
Year Coupon DCF Time Weighted DCF
1 80 73.394495 73.3944954 Held by issuer for 1 yr
2 80 67.334399 134.668799
3...
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It is the weighted average term for maturity of a Bond's cash flow.
9%
8TCS2024 FV is 1000 Tenure is 10 Years
Time IMPACT on Cash Flow
Year Coupon DCF Time Weighted DCF
1 80 73.394495 73.3944954 Held by issuer for 1 yr
2 80 67.334399 134.668799
3 80 61.774678 185.324035
4 80 56.674017 226.696068
5 80 51.994511 259.972555
6 80 47.701386 286.208317
7 80 43.76274 306.339177
8 80 40.149302 321.194419
9 80 36.834222 331.508001 Held by issuer for 9 yrs
10 1080 456.20367 4562.03671
935.82342 6687.34258
DURATION 7.1459
If 9% is the RRR then 935.8 paid today(present) is equivalent to
80 paid per year till 10 years & 1000 paid at the end
If 12% is the RRR then774 paid today(present) is equivalent to
80 paid per year till 10 years & 1000 paid at the end
If 5% is the RRR then1232 paid today(present) is equivalent to
80 paid per year till 10 years & 1000 paid at the end
Duration is a point where 50% of the Present Value of the BOND is recovered
By coupon approx in 5.5 yrs
Less