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A 7 . 7 % bond with semiannual coupons is quoted at 1 0 2 . 9 7 . The bond has 4 coupons left.

7.7 %

bond with semiannual coupons is quoted at

102.97 .

The bond has

4

coupons left. The previous coupon was paid

34

days age. Use the approximated duration and convexity to calculate the estimated quoted price given a

150

bp increase in the ytm

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