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A Assume a bond with a 1000 par value and a 5% coupon rate, 3 years remaining to maturity, and a 6% yield to maturity.

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A Assume a bond with a 1000 par value and a 5% coupon rate, 3 years remaining to maturity, and a 6% yield to maturity. Calculate the duration of this bond: B- The change in price of the bond if yields rise 50 bps

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