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A three-year bond has a par value of $100 with a coupon rate of 5% and a current continuously compounded yield of 6%. What is

A three-year bond has a par value of $100 with a coupon rate of 5% and a current continuously compounded yield of 6%.

What is the so if interest rate increased by 0.1%.

What is the bond price?

What is the duration and modified duration?

If interest rates increased by 0.1%, what is the new bond price? What is the new calculated using modified duration?

answer with what formule you applied.

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