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5 A bond with a maturity of 3 years and a NAV of 1000 gives right to an annual coupon of 7.5% (the frequency of

5 A bond with a maturity of 3 years and a NAV of 1000 gives right to an annual coupon of 7.5% (the frequency of capitalizations is annual). This bond offers a yield to maturity of 8.50% (required rate): 1) Calculate the price of the bond 2) Calculate the duration of the bond 3) Calculate the modified duration of the bond

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