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A 1,000 Baht bond has a 5 percent coupon, is selling at par, and makes semi-annual payments of interest. The duration of this bond is

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A 1,000 Baht bond has a 5 percent coupon, is selling at par, and makes semi-annual payments of interest. The duration of this bond is 6.21 years. What will be the new price of the bond using the duration model if interest rates increase by 25 basis points. (DO NOT round intermediate calculations. Round your answers to 2 decimal places.)

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