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A 30-year maturity bond making semi-annual coupon payments with a coupon a rate of 12% has a Macaulay duration of 23.08 half-years. The bond currently

A 30-year maturity bond making semi-annual coupon payments with a coupon a rate of 12% has a Macaulay duration of 23.08 half-years. The bond currently sells at a yield to maturity of 8%. If the yield falls to 7%, compute:

a. The percentage price change.

b.The predicted dollar price change.

c.The predicted price (based on duration).

d.The actual price

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