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A 3 0 - year - maturity bond making annual coupon payments with a coupon rate of 1 0 . 2 % has duration of

A 30-year-maturity bond making annual coupon payments with a coupon rate of 10.2% has duration of 11.03 years and convexity of 176.83. The bond currently sells at a yield to maturity of 9%. Find the price of the bond if its yield to maturity falls to 8%

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