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3Find the duration of a 4 % coupon bond (par-$1,000) making annual coupon payments if it has 25 years until aturity and its price is
3Find the duration of a 4 % coupon bond (par-$1,000) making annual coupon payments if it has 25 years until aturity and its price is $ 940.00. Calculate the approximate change (in $'s) for this bond using the duration you obtained if its YTM decreases by 50 basis points What would your answer be if the bond pays interest semiannually
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