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2. Consider a bond with a 5% annual coupon rate and a face value of $1,000. Calculate the bond price and duration & show your

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2. Consider a bond with a 5% annual coupon rate and a face value of $1,000. Calculate the bond price and duration & show your work. Years to Maturity Interest rate Bond Price Duration 4 5 5 6 6 7 7 8 What relationship do you observe between yield to maturity and the current market value? What is the relationship between YTM and duration

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