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3. Calculate (TWO TIMES) the % change in price (from above) and the new dollar price for a bond with the following data: Duration =

3. Calculate (TWO TIMES) the % change in price (from above) and the new dollar price for a bond with the following data:

Duration = 8.48 change in ytm = -45 bips AND + 55 bips Old px = $1,000

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