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A bond has an annualized coupon rate of 9.80%, 4 years to maturity, and sells at an annualized yield to maturity of 11.50%. The bond

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A bond has an annualized coupon rate of 9.80%, 4 years to maturity, and sells at an annualized yield to maturity of 11.50%. The bond pays interest semi-annually and has a par value of $1,000. What is the duration of the bond? 1b) What is the modified duration of the bond? 1c) If the bond's yield changes to 11.65%, what is the estimated percentage change in the bond's price that would occur? 1d) What would be the new price of the bond

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