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An asset will provide 2 cash inflows: $10,000 in two years and $25,000 in 10 years. The asset is currently priced at 6% effective. a)

An asset will provide 2 cash inflows: $10,000 in two years and $25,000 in 10 years. The asset is currently priced at 6% effective.

a) Estimate the price if the interest rate changes to 5.9% using ONLY Modified Duration

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