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18. What is the duration of a 10 year, 4% coupon bond with a 4% YTM (face value=1000)? if its YTM drops by 0.25%, what

18. What is the duration of a 10 year, 4% coupon bond with a 4% YTM (face value=1000)?

if its YTM drops by 0.25%, what happens to the bonds price?

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