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A bond has modified duration of 4.17 yearsYTM of 8% semiannual coupon payments convexity of 204and is currently selling at $1015. According to the approximation

A bond has modified duration of 4.17 yearsYTM of 8% semiannual coupon payments convexity of 204and is currently selling at $1015. According to the approximation based on modified duration with correction for convexity how much will approximately be the price change in $ if the YTM increased by 1%

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