Bond Duration
I am currently studying for the FRM exam. A number of questions in the past had asked the candidate to compute the duration of eg: newly issued 6% 10-year semi-annual pay bond priced at par.
Now, I don't know of a short-hand way of calculating this on the BA II Plus calculator. Is there a short hand version of the typical Mac Duration Formula of Time Weighted average of Present Value Cash flows for bonds priced at par?
Thank in advance for your responses.