[Solved] A $1000 par, semiannual-pay bond has a cu

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A $1000 par, semiannual-pay bond has a current price of $1,054 has a modified duration of 5.97. What is the dollar value of an 01?

A $1000 par, semiannual-pay bond has a current price of $1,054 has a modified duration of 5.97. What is the dollar value of an 01? Answer to two decimals. Carry intermediate calcs. to four decimals.

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