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A bond has a $100 face value, 23-year maturity, 10% coupon, 10% yield, a duration of 10 years and a convexity of 135.5. Calculate the

A bond has a $100 face value, 23-year maturity, 10% coupon, 10% yield, a duration of 10 years and a convexity of 135.5. Calculate the new value of the bond (in $), based on Modified Duration and Convexity, if interest rates were to fall by 125 basis points

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