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A 20 year 4% coupon bond is currently selling at a price of $103.50. This bond has a face value of $100. Find the duration

A 20 year 4% coupon bond is currently selling at a price of $103.50. This bond has a face value of $100. Find the duration and convexity of this bond using the approximate formulas (use 10 bassist's point change in yield). Calculate the price fo the bond fi the yield goes up by 20 basis points using the duration and convexity.

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