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Calculate Duration and Price Change for the following bonds. 1. Coupon Rate is 6%, Yield to maturity is 5.5%, Maturing in 3 years and
Calculate Duration and Price Change for the following bonds. 1. Coupon Rate is 6%, Yield to maturity is 5.5%, Maturing in 3 years and pays interest semiannually. 2. Coupon Rate is 3%, Yield to maturity is 4.5%, Maturing in 4 years and pays interest semiannually. 3. Coupon Rate is 2%, Yield to maturity is 1.5%, Maturing in 2 years and pays interest semiannually. Can you show step by step calculations please
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