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A five-year bond with a face value of $100 and a yield of 6% (continuously compounded) pays an 8% coupon at the end of each

A five-year bond with a face value of $100 and a yield of 6% (continuously compounded) pays an 8% coupon at the end of each year. Use duration and convexity to estimate the effect on the bond's price of a 1% decrease in its yield.

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