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a) Calculate the duration of a par-value annual bond with a coupon rate of 7% and a remaining time to maturity of 3 years. Please

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a) Calculate the duration of a par-value annual bond with a coupon rate of 7% and a remaining time to maturity of 3 years. Please show the FV of each cashflow and all of your work. b) What is the expected change in price for a 5 basis point increase in yield

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