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A 3-year bond with semiannual coupons has a duration of 2.7342 years. The current yield on the bond is 6% convertible semiannually. Unew Misc approximation
A 3-year bond with semiannual coupons has a duration of 2.7342 years. The current yield on the bond is 6% convertible semiannually. Unew Misc approximation to estimate the new interest rate, convertible semianmully, that would geve a price increase of 5%
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