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An investor owns a bond with a modified duration of 0,5. At the moment YTM for that bond is equal to 3,28%. What will be

An investor owns a bond with a modified duration of 0,5. At the moment YTM for that bond is equal to 3,28%. What will be the magnitude of bond price change if YTM for the bond changes to 3,58%. Explain how can you improve accuracy of estimation of a bond price change resulting from the change of market interest rates

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