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9. A 5-year bond with YTM of 12% and par value of $1000 pays an 8% annual coupon. 9.1 What is the bond's price? 9.2

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9. A 5-year bond with YTM of 12% and par value of $1000 pays an 8% annual coupon. 9.1 What is the bond's price? 9.2 What is the bond's duration? 9.3 Use the duration to calculate the effect of 0.2% increase in the market interest rate on the bond's price. 9.4 Recalculate the bond's price on the basis of a 12.2% YTM

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