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A bond with par value of $1,000 pays 12% coupon annually and matures in 5 years. Its yield to maturity is 10%. What is the

A bond with par value of $1,000 pays 12% coupon annually and matures in 5 years. Its yield to maturity is 10%. What is the bond's

) price;

2) duration;

3) current yield?

4) If the YTM decreases to 9.5%, what is the predicted change in bond's price using the concept of duration?

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